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Wolters Kluwer Podcast Sheds Light on Key Factors Impacting Effective Banking Compliance
April 9, 2021 GMT
MINNEAPOLIS--(BUSINESS WIRE)--Apr 9, 2021--
Timothy R. Burniston, Senior Advisor, Regulatory Strategy with Wolters Kluwer Compliance Solutions, shares insights for U.S. financial institutions adapting to current and expected regulatory priorities and oversight measures in a new podcast.
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In this 37-minute podcast, “Consumer Compliance: Shift Priorities to Follow Changes in Regulatory Oversight Trends,” Burniston looks at ways banks may seek to fortify their compliance measures to prepare for the residual impact of the pandemic on consumers. He also examines the regulatory ramifications of leadership changes in Washington, and the anticipated increase in regulatory change. He notes that more than 40 percent of financial institutions are accelerating their “investment in the automation of regulatory change management processes...[which] correlates with the continued need to stay on top of the waves of regulation that have to be absorbed so quickly, especially when there are so many other things to do.”