Compliance Management
Compliance & Reporting
In recent audits the Federal Deposit Insurance Corp. has issued cease and desist orders against multiple banks for allegedly violating banking regulations. The regulators said they had inadequate management oversight for operations. Similarly, banks in Europe have been forced to weather a storm of compliance and reporting processes. Handling this deluge successfully requires a modern approach to compliance issues. For most banks the inherent challenge is to deal with increasingly complex regulations without expanding the process team's size.
What makes successes possible is a greater awareness, understanding, and accountability within business processes for both regulatory compliance and operational risk management. CCS has used modern technologies to incorporate external compliance needs with internal, easy-to-use, day-to-day process management and controls. Forward-looking clients have recognized that by extending this combined solution they generate valuable business advantages for clients and a solid foundation for internal controls to satisfy FDIC audits.
CCS's modular solutions are based on our intimate knowledge of banking's current tools and applications, as well as a deep familiarity with emerging technology and mandated regulatory controls. We gather information from a variety of sources and combine it into a central data repository used to provide timely operational insights. CCS has systems in place today that download data from mainframe sources, combine it with origination data and provide management with on-line access to reports that previously were only available by special request from IS personnel.
Contact us today to see how our modular solutions can help your organization be better prepared to meet current and future challenges.
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