MINNEAPOLIS–(BUSINESS WIRE)–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.
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.”
Burniston goes on to explore the expected regulatory and policy changes the Biden Administration and Congress may bring in areas such as fair and responsible banking, citing findings from Wolters Kluwer’s most recent regulatory and risk management Indicator banking survey. He also considers what a post-pandemic and relief package operating environment might look like for financial institutions. The podcast is moderated by Samir Agarwal, Vice President of Banking, Wolters Kluwer Compliance Solutions.
“The amount of change and uncertainty in today’s financial services environment makes informational presentations such as this all the more essential in helping financial institutions understand the issues impacting their ability to effectively manage compliance risks,” says Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions.
This consumer compliance podcast (Episode 18) is the latest in a series of Wolters Kluwer’s Banking Compliance Insights podcast series, created to deliver insights on compliance trends and strategies for navigating today’s regulatory and risk environments. Listeners can access the podcast content via recording or read the podcast transcript.
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. insurance companies, banks, credit unions, and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ OneSumX® for Regulatory Change Management helps financial institutions effectively manage the enormous breadth, scope and volume of ever-evolving legislative and regulatory changes, providing structured, actionable content to help ensure compliance. Wolters Kluwer Lien Solutions’ iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. In addition, CT Corporation’s Covid-19 resource center provides businesses and law firms with international, federal and state legislative updates.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.