Based on results from first quarter 2014, the current forecast for financial institutions everywhere indicates a regulatory warming trend with a chance of increasing enforcement activity in the months ahead.
Such was the prediction during a recent Quarterly Regulatory Compliance Briefing webinar sponsored by Continuity Control, a compliance management system for credit unions and banks. A quiet fourth quarter 2013 has given way to a distinct uptick in activity with a chance of increased fallout for financial institution boards of directors less diligent in their duties.
"It's been a very interesting and somewhat unusual quarter," said Pam Perdue, Continuity Controls' EVP of regulatory insight and co-presenter at the April 10 webinar. "Yes, things are steadying a bit, but there is a lot of ground to make in the coming months."
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