Bryan Cave, LLP, a leading U.S. law firm serving the financial institutions industry, recently published a commentary on the concept of a “self-exam.” Bryan Cave, LLP, says the “self-exam” has received positive consideration from banking regulators and is a critical component of a robust internal control environment for any financial institution. The law firm also explains that a “self-exam” consists of evaluating and testing the institution’s areas of greatest risk and preparing a concise report that educates the institution’s governing boards and regulators of the results of the “self-exam,” and the actions management should take to resolve any findings.
PYA has designed a comprehensive risk-based approach to evaluate key components of an institution’s safety and soundness and regulatory compliance environment that is consistent with the “self-exam” format discussed by Bryan Cave, LLP.
To learn more about how PYA can assist your institution with a “self-exam,” please visit the PYA website or contact the expert listed below at PYA, (800)-270-9629.
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