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#2236991 - 05/20/20 01:32 PM Enterprise Wide Risk Assessment
Compliance Nut Offline
100 Club
Joined: Feb 2016
Posts: 118
Just curious here - what have you been seeing as the going rate for an Enterprise Wide Compliance Risk Assessment? I know it can depend on a lot of things, but if it's to cover all the regulations, etc.

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General Discussion
#2237071 - 05/21/20 12:15 PM Re: Enterprise Wide Risk Assessment Compliance Nut
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,402
I think you are asking an opened question and will get a lot of various responses. Here is my take on question. If you are asking about Enterprise Risk Management (ERM), it is all over the place and depends on how bank management and/or the board views it. We are in the planning phase of it and all regulations would not be listed on it. Regulatory compliance would be a single line item on the risk assessment.

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#2237094 - 05/21/20 04:28 PM Re: Enterprise Wide Risk Assessment Compliance Nut
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,534
Pulling people out of the ditc...
by going rate, do you mean:

-what would someone charge to your bank to create said assessment from scratch?
-what someone would charge to complete assessment?
-what it would cost for sometime to verify yours is accurate and covers proper info?

can you clarify your question?
Providing alternative truths since the invention of time

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