The concept of regulatory compliance is simple: compliance maintains the safety and welfare of the general public.

More organizations are realizing that additional risk management sophistication is warranted given the fast pace in which complex risks are emerging, according to a new survey. 

American Bank Systems (ABS) and Bankers Online recently conducted a nationwide survey of community banks on compliance and risk management. The survey revealed that only ten percent of the respondents indicated that their bank uses technology to manage and monitor regulatory compliance performance and risk assessment.