1. Assessing Risks Related to New, Modified or Expanded Bank Products and Services to Comply with Regulatory Requirements

Assessing Risks Related to New, Modified or Expanded Bank Products and Services to Comply with Regulatory Requirements

Assessing Risks Related to New, Modified or Expanded Bank Products and Services to Comply with Regulatory Requirements
Event ID: 71452
Not for Sale
Recording: 14357

Duration: 90 minutes, including question and answer period.
Presenter(s): Gary Deutsch, CPA, president, BRT Publications, LLC
$299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Who Should Attend? Financial officers, management, risk managers, compliance officers, internal auditors, marketing officers

Technology advances such as artificial intelligence, machine learning, algorithms, and cloud data storage are having a significant impact on banking operations. Financial technology (FinTech) companies are creating new opportunities to provide consumers, businesses, and communities with more access to and options for products and services. Some of these opportunities are in concert with financial institutions and others compete with traditional banks. Even evolving blockchain technologies may present future opportunities to better serve consumers and businesses.

However, whenever there is change, including the evolutionary and even potentially disruptive changes on the horizon, there is increased risk. According to the OCC, “bank management and boards of directors should understand the impact of new activities on banks’ financial performance, strategic planning process, risk profiles, traditional banking models, and ability to remain competitive”. OCC examiners consider new activities’ effect on banks’ risk profiles and the effectiveness of banks’ risk management systems, including due diligence and ongoing monitoring efforts. From the regulator’s perspective, when banks fail to fully consider appropriate risk management systems and controls before approving new activities, the lapses can result in:

  • costly errors, unfavorable consequences, and losses
  • an inability to achieve business plan objectives
  • systems and control problems
  • violations of applicable laws and regulations
  • litigation


Moreover, negative results can lead to strategic, reputation, credit, operational, compliance, and liquidity risk.

With the rapid pace of technology advances, management must adopt a formalized approach to assessing risks and developing change management policies and procedures to ensure that they are maintaining adequate controls over banking operations while keeping pace with the changing landscape of the banking industry.

Please join Gary Deutsch, CPA, MBA, for this timely webinar that has been developed to help you prepare for examinations of your risk management program related to new, modified or expanded bank products and services.


During this important webinar, Gary Deutsch will discuss:

  • Methods for identifying risks associated with new activities
  • Designing effective risk management systems to identify, measure, monitor, report, and control risks when developing and implementing new activities
  • Methods for addressing effective and principles-based risk management systems based on the following components covered during regulatory examinations:
  • Adequate due diligence and approvals before introducing a new activity
  • Policies and procedures to properly identify, measure, monitor, report, and control risks
  • Effective change management for new activities or affected processes and technologies
  • Ongoing performance monitoring and review systems



Your conference leader for “Assessing Risks Related to New, Modified or Expanded Bank Products and Services to Comply with Regulatory Requirements” is Gary Deutsch, president, BRT Publications LLC. Mr. Deutsch is a licensed CPA in Maryland and has a B.A. in accounting and an MBA in finance from Loyola University Maryland. He has also achieved the Certified Management Accountant, Certified Internal Auditor and Certified Bank Auditor designations. Mr. Deutsch is the founder and president of BRT Publications LLC. Mr. Deutsch has trained thousands of financial institution professionals in all aspects of risk management and has written numerous books in the U.S. and Europe on topics such as credit risk, internal audit and compliance with Generally Accepted Accounting Principles. Mr. Deutsch has extensive risk management and internal audit experience through his association with financial institutions of all sizes as well as through his role leading the KPMG financial institution consulting practice in the Mid-Atlantic region.


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