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Should Our Compliance Department Be in Charge of Updating Our Retention Policy?

Question: 
Should our compliance department be in charge of updating our retention policy?
Answer: 

A recent study of 94 banks found that most institutions (65%) rely on their compliance departments to make policy updates. Before making any changes to your document retention policy or processes, it’s important to speak to legal counsel and your regulators to decide on what makes sense for your bank.

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Download a study of 94 banks’ retention policies:
http://go.accusystem.com/document-retention/.

Vendor: 

AccuSystems is a leading provider of bank document management and imaging software. Trusted by more than 14,000 community bankers worldwide, the company offers a portfolio of software applications that automate exception tracking, reduce reliance on paper documents, and streamline audits. Chat with us, register for a free webinar, or schedule a risk-free demo. Call today: 800-950-2550.

First published on 09/20/2015

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