Burniston

Wolters Kluwer Expert Cites Preparation as Key to Compliance for Modernized Community Reinvestment Act

Retrieved on: 
Tuesday, November 21, 2023

But with input incorporated into the regulations from a range of stakeholders including federal agencies, industry and community leaders, complying with the new CRA requirements will require significant adaptation, according to expert commentary by Wolters Kluwer Compliance Solutions.

Key Points: 
  • But with input incorporated into the regulations from a range of stakeholders including federal agencies, industry and community leaders, complying with the new CRA requirements will require significant adaptation, according to expert commentary by Wolters Kluwer Compliance Solutions.
  • “Every bank is going to be touched by this in some way, no matter the size of the bank.
  • This changes the status quo for everybody,” said Timothy Burniston , Senior Advisor, Regulatory Strategy at Wolters Kluwer Compliance Solutions.
  • Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.

Wolters Kluwer offers risk and compliance insights on recent bank failures

Retrieved on: 
Tuesday, May 9, 2023

Recently published commentary by Wolters Kluwer regulatory and risk management experts is helping shed light on not only the likely causes behind several recent bank failures, but the warning signs evident as these failures first materialized—as well as suggestions for monitoring and better understanding the context in which these kinds of disruptions can unfold.

Key Points: 
  • Recently published commentary by Wolters Kluwer regulatory and risk management experts is helping shed light on not only the likely causes behind several recent bank failures, but the warning signs evident as these failures first materialized—as well as suggestions for monitoring and better understanding the context in which these kinds of disruptions can unfold.
  • “ Lenders can capture insights into their loan portfolios and create a risk appetite statement structure for managing those assets more effectively.
  • Here, data plays a key role because it can help better calculate secured lending risk exposure,” Konstance argues.
  • The quick and decisive actions in response to the SVB and Signature Bank failures helped minimize the impacts to depositors and restore confidence in the U.S. banking system, says Tim Burniston , Senior Advisor, Regulatory Strategy, for Wolters Kluwer Compliance Solutions.

Wolters Kluwer Compliance Solutions shares insights in response to Silicon Valley Bank and Signature Bank collapse

Retrieved on: 
Tuesday, March 21, 2023

That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .

Key Points: 
  • That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .
  • “Identifying the root causes leading to the collapse of Silicon Valley Bank and Signature Bank is still very much a work in progress.
  • Significant, meaningful efforts are underway in the federal government to comprehensively investigate and review these failures and help avert additional problems,” said Timothy Burniston , Senior Advisor, Regulatory Strategy for Wolters Kluwer Compliance Solutions.
  • Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.

Wolters Kluwer Compliance Solutions shares banking rules expertise, noting significant challenges ahead

Retrieved on: 
Tuesday, February 21, 2023

The CRA regulations have since undergone a range of proposed changes by federal regulators to better reflect major technological and operational changes in banking in recent years.

Key Points: 
  • The CRA regulations have since undergone a range of proposed changes by federal regulators to better reflect major technological and operational changes in banking in recent years.
  • “I think we’re going to continue to see a reinvigoration of the CFPB,” Burniston said.
  • “We could see modernized CRA regulations be released in close proximity to the Section 1071 regulations,” he said.
  • “That would present a difficult challenge for the industry to manage the implementation of both of those, which are synced together.

Wolters Kluwer Regulatory Strategist to Speak at CBA LIVE 2021 National Conference

Retrieved on: 
Wednesday, August 11, 2021

Timothy R. Burniston , Senior Advisor, Regulatory Strategy with Wolters Kluwer Compliance Solutions , will moderate a panel discussion at the CBA LIVE 2021 conference on efforts underway by federal regulators and the banking industry to modernize the Community Reinvestment Act (CRA) regulations.

Key Points: 
  • Timothy R. Burniston , Senior Advisor, Regulatory Strategy with Wolters Kluwer Compliance Solutions , will moderate a panel discussion at the CBA LIVE 2021 conference on efforts underway by federal regulators and the banking industry to modernize the Community Reinvestment Act (CRA) regulations.
  • 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.
  • Wolters Kluwers GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations.
  • Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.