Regulatory exams have changed – are you ready?

Regulatory exams instill a range of emotions from annoyance, to anxiety, to outright fear. In addition, the pandemic has changed how firms operate, and regulators have had to change their examination practices to accommodate remote offices and staff.

Much of this exam anxiety can be mitigated with a better understanding of the exam process, the necessity for robust risk assessments, and by nurturing your relationship with your firm’s regulatory contact.

This recent podcast by Oyster Consulting discusses the changing examination programs, the kind of people conducting the examinations, and what you should expect when an examiner walks in now.

– Oyster Consulting, LLC