Monday, October 1st marked the beginning of the 4th Quarter. For many financial institutions, this means getting ready for activities such as preparing next year’s budget, completing the 3rd Quarter Call Report, dusting off the strategic plan, and preparing for upcoming Federal examinations and year-end audits.
One can say for certain that there has been a lot of change with the new administration. President Trump has appointed new members to several key agencies that has, and could further impact, financial institutions.
General Data Protection Regulation (GDPR) becomes effective May 25, 2018, introducing new legislation for data processing in European Union (EU) member countries and anywhere the personal data of EU citizens is processed.
For even the most casual of observers, 2017 has been a watershed year in our government declaring battle against the growing, pervasive Cybersecurity threat.