Expectations placed on the financial industry are higher than ever. We’re not just talking about regulatory expectations either, although the number of regulatory changes has tripled since 2011. We’re talking about consumer, investors, and community expectations at large.
The reason expectations are rising is the See-Through Economy. This is what we call the current fast-paced aged of transparency we’re living in right now. With the click of a button, consumers can share their positive and negative experiences with a brand, which has put reputation risk higher up on the priority ladder.
The See-Through Economy isn’t all doom and gloom though. There’s a way to leverage our increased level of information access to anticipate and meet stakeholder expectations. It all starts with better risk assessments.
In this eBook, we’ll show you:
- How to make your assessments comparable across departments and levels
- How to aggregate the information in a way that adds value to your financial organization
- How to organize your risk assessments to comply with the big regulators like the OCC and FFIEC