How to Remediate Regulatory Exam Findings in Financial Services

Editor's Note: This article was originally published on the Bridgeforce Insights Page and has been republished here with permission. Bridgeforce content—and all inasideARM articles—are protected by copyright. All rights are reserved. 
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Corrective actions are a common requirement following regulatory examination findings and enforcement actions (e.g., MRAs and consent orders), regardless of how proactive an organization may be. Therefore, you must use a systematic approach to provide evidence of successful risk remediation and effective controls. This article shows how to develop and execute remediation plans.

Even the most proactive organizations have examination findings with required corrective actions. Organizations can effectively remediate regulatory exam findings by developing a methodical approach that facilitates effective and sustainable solutions.

For over two decades, Bridgeforce has swiftly resolved thousands of internal and external audit findings for both top-tier global banks and mid-size lenders and credit unions. Our team, comprised of former regulatory, operations, and IT executives, specializes in process reengineering, automation introduction, training provision, and the development of policies, procedures and controls to ensure compliance.

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