December 20166Regulatory expectations continue to rise in the banking industry. Specifically, there is heightened emphasis on each institution's ability to tackle a potential crisis. In light of this, compliance professionals are keen on monitoring regulatory changes and their repercussions on compliance programs. A majority of firms consider fostering a culture of integrity as the ultimate goal of their compliance and ethics programs--starting at the C-level executives and business leaders.Not only does a change in organizational culture increase the bottom line, but also provides competitive advantage by creating strong brand reputation and awareness. Businesses are maximizing their investment in compliance operations and empowering teams with the tools necessary to moderate risk and streamline the tracking of regulatory changes. This increase in compliance spend also encompasses training programs to build the in-depth strength needed for compliance and risk skills, and the automation of employee supervision and code of conduct processes to help unlock resources for other compliance activities. As compliance risk becomes one of the most significant concerns for financial institutions, those who adapt best to the regulations will gain a distinct competitive advantage. This ongoing evolution has spurred companies to set up a system that can monitor multiple regulatory sources and provide a focused view of regulatory changes. Fortunately, the tools and technologies available today enable financial institutions to not only efficiently track the regulations, but also map them to controls and risks, and implement well-designed policies and procedures.At this juncture, Banking CIO Outlook presents its Risk and Compliance edition featuring insights from industry thought leaders and innovative solutions providers. We hope this special edition is valuable in your journey toward mitigating compliance risks, while thriving on competition.Let us know your thoughts.Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 1 - 2016Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 DECEMBER - 1 - 2016, Volume 02 - 08 Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464RISK AND COMPLIANCE SPECIALBrian Thomasbrian@bankingciooutlook.comVisualizerMidhun RajManaging EditorJames RobertsonCreating a Culture of ComplianceJames RobertsonManaging Editor editor@bankingciooutlook.comAaron PierceJoe PhillipNiko AltonEditorialAva Garcia Joshua Parker Sarah Fernandes
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