PADUCAH, Ky., May 27, 2015 — While all regulatory agencies continue to emphasize the importance of Enterprise Risk Management (ERM), the Office of the Comptroller of the Currency (OCC) recently published new guidelines regarding the expected risk management practices of financial institutions with more than $50 billion in assets. Following this latest mandate, the message to financial institutions with less than $50 billion in assets is clear—the time to implement a robust ERM framework is now.
Although many institutions have already adopted a clear ERM strategy, some banks and credit unions continue to struggle to find the right fit for their specific business size and focus. In an effort to assist financial institutions of all sizes in implementing an effective ERM system, Computer Services, Inc. (CSI) (OTCQX: CSVI), has published a new white paper, “Risk Management Enters the 21st Century,” to explore the importance of adhering to key risk categories. The white paper also provides insight into how ERM tools can help banks and credit unions more effectively and efficiently identify, measure, monitor and control risk.
“One of the biggest misconceptions about robust ERM programs is that the implementation and management process is far too expensive or difficult for smaller institutions,” said Keith Monson, chief risk officer for CSI. “By understanding exactly what kind of ERM solutions will enhance their organization, financial institutions can implement a risk management framework that can drastically simplify required work and deliver more accurate and comprehensive data to better protect the bank.”
Additional key areas highlighted within the white paper include:
- Key risk management threats currently affecting today’s financial institutions;
- Side-by-side analysis of the risk-rating systems leveraged by the OCC, the Federal Reserve, the FDIC and the National Credit Union Administration;
- Common risk categories to consider adopting; and
- Best practices for accurately measuring risk.
To download a complimentary copy of CSI’s latest white paper related to enterprise risk management, please visit the following: http://www.csiweb.com/resources/white-papers.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, electronic and print distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 501 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.