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The Financial Institutions industry is faced with numerous challenges, including financial regulatory reform. PYA is guiding our clients through these challenging times and we are playing a significant role in identifying areas where operational improvements are needed and internal controls over financial reporting should be strengthened.
PYA has the individuals with the experience and expertise to advise our financial institutions clients on the variety of issues they face. However, what sets PYA apart from other advisors is our passion for what we do and our commitment to outstanding client service.
Our team brings extensive experience and a practiced familiarity with the financial institutions industry and the complex regulatory environment. We offer proven performance and a depth of knowledge to help our clients make critical decisions and chart a course for long-term success.
With the regulatory burden for community banks rising at alarming rates, strategies for managing this burden are critical. Unlike large financial institutions that have compliance departments, the average community bank may have only two or three people devoted to this function.
A risk-based compliance strategy is critical for a community bank to survive in this regulatory-focused environment. Without a risk-based strategy, compliance costs will likely rise exponentially at a time when margins are already thin.
PYA has successfully assisted a number of community banks with developing and implementing robust risk-based compliance programs.