Paul Compton Quoted in ICBA Independent Banker Regarding Community Bank Preparedness for Compliance Examinations
ICBA Independent Banker
Paul Compton was recently quoted in an ICBA Independent Banker magazine article, entitled "Ready for Review." The article outlines recent regulatory trends, corporate governance programs, and risk management strategies that community banks should consider in light of rapidly evolving federal rules and regulations in order to prepare for the next compliance examination.
The article also explores the heightened interest in Bank Security Act (BSA) reporting requirements. Compton notes that the recent BSA compliance examination is a critical challenge for community banks "because the rules are sometimes vague and frequently shifting." He adds that banks should "take no comfort in the fact that they received high marks in their last exam."
Read the complete ICBA Independent Banker article, "Ready for Review."