Mapping out regulatory expectations along the path to growth
At a large US bank, expansion plans get a dose of insight with a detailed view of stepped-up reporting requirements.
The challenge
A bank was looking to expand and wanted to understand incremental regulatory data requirements and gain insight into areas of heightened scrutiny.
Our client was looking to expand its national footprint while adding to its lending and deposits portfolio. First, it needed to know where it stood from a regulatory reporting perspective. What were its incremental reporting needs? Which areas would attract greater scrutiny from supervisors? Whatever the answers turned out to be, bank management suspected at least a few implications. One, they would need more data. Two, they would likely have to change their business processes and systems.
The approach
We identified triggers for additional requirements, plus ways to enhance the existing process so it could stay abreast of the changes.
We broke our analysis down along two dimensions of regulatory reporting—potential incremental requirements and leading practices and regulatory expectations. Then, we identified the key thresholds they needed to know about, plus areas of heightened scrutiny. We also identified the incremental requirements that would come from exceeding particular thresholds. After that, we conferred with stakeholders to capture overarching regulatory reporting considerations, establish the current state of maturity, and identify gaps or challenges.
The outcome
Our client discovered how different expansion scenarios could affect its regulatory reporting and gained a road map for a more robust and agile reporting infrastructure.
To help them get ahead of these requirements, we benchmarked the bank’s existing process against leading practices, and we followed up by developing tactical and strategic recommendations. Then we provided a sense of the high-, medium-, and low-impact changes they could be dealing with to help them build a plan for the future. As a result of our collaboration, the bank has a better understanding of reporting requirements and regulatory expectations to inform decisions moving forward.
Explore recommended links
Where do your plans fit in the regulatory landscape? Let's connect
${block-title}
Client stories
Staying ahead of what’s next
Where does your organization want to go? Explore our latest case studies to see how we can help get you there.