July 2016

Who Should Drive Exam Innovation … the Regulator or the Regulated?

2016-11-01T11:29:46+00:00July 12th, 2016|

Ron Daly, President/CEO
Virtual StrongBox, Inc.
Source: https://www.cbinsight.com/drive-exam-innovation-regulator-regulated.html

Back in my days as a bank CFO, we had a few tricks for making the regulators feel welcome when it came time for the annual exam. If it was summer, my favorite was housing them in the sunniest room in the building, where they could enjoy natural lighting. We’d set the temperature at a toasty 90 degrees … you know, to save on the A/C. And when the weather turned cold, we liked to give examiners a feel for what it’s like to participate in winter sports.

Of course I was kidding. The examiners […]