Supervisory priorities for financial institutions have remained consistent for the past few years; however, the security and compliance team at BTG anticipates a heightened focus on specific areas of concern moving into 2023.
Financial institutions should revisit guidance within the following areas to ensure requirements or industry standards are met and necessary resources can be allocated for enhancements prior to examinations:
- Cybersecurity and Operational Resiliency
- Third Party and Supply Chain Management
- Bank Secrecy Act Compliance
- Climate-Related Risk
- New Service/Product Assessments
If you would like more information on how your organization can prepare for these anticipated exam priorities, please contact Elisabeth Esposito, VP of Professional Services at BTG: email@example.com or (800) 355-4550.