Bridgeforce Presented on Proactive Compliance Management Systems at ABA Regulatory Compliance Conference
August 31, 2018
Andy Dell, a Bridgeforce Senior Industry Advisor, spoke about proactive compliance management systems on a panel at the American Bankers Association Regulatory Compliance Conference on June 24, 2018 in Nashville, Tennessee with over 2000 financial professionals in attendance.
During the session, Andy and the other panelists discussed transitioning from a reactive compliance management system to a proactive system using real-world experiences and examples. They shared the challenges of a reactive system and why proactive compliance management is so important. Key topics presented were:
- Proactive management requires strong commitment at every level
- Company culture and compliance culture go hand and hand
- Need to reinforce, recognize and reward compliance
- Pay now or pay a lot more later