As banks navigate regulatory compliance, examinations can occasionally result in findings that trigger formal enforcement actions. These actions typically require a timely, well-documented remediation plan and response along with prompt implementation of corrective measures.
At this stage, banks often turn to large advisory firms, engaging sizable teams for months to document existing workflows and identify certain control deficiencies and any remediation requirements tied to regulatory findings. While effective, this approach can be costly, time-intensive, and slow to deliver actionable direction.
We offer a pragmatic, interim alternative.
Our model deploys two to three semi-retired, highly seasoned bank executives who have spent decades working directly with regulators and successfully executing corrective action plans. Their hands-on experience allows banks to:
- Proactively identify compliance issues
- Develop a credible action plan
- Engage regulators with confidence
Clear Course services include:
- Meeting with the bank’s executive team to fully understand examination findings
- Identifying and prioritizing required remediation items
- Assisting in the development of a clear, regulator-ready action plan
- Participating in regulatory meetings, when appropriate
- Guiding management through execution from start to finish
Proactive Measures
We can also conduct targeted, pre-exam reviews of key compliance areas for proactive support.
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In short, our team has been in your shoes. We understand regulatory expectations, know how to communicate effectively with examiners, and have a proven record of successful outcomes.
Leverage that experience to proactively identify compliance control deficiencies, accelerate remediation, reduce disruption, and address regulatory issues with confidence.