Pub. 5 2015-2016 Issue 5

22 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S FEATURE ARTICLES KEITH E. MONSON CHIEF RISK OFFICER CSI Here’s Why Your Peers Are Worried about Mortgage Compliance in 2016 Remember, though, to not lose sight of your other regulatory obligations in 2016. I f thoughtsaboutmortgagecompliancehaveyou tossing and turning at night, you’re not alone. In November, CSI reached out to financial industry executives nationwide with our an- nual Banking Priorities survey—our way of gauging their mindset and plans as the new year approaches. More than 100 executives, representing financial institutions from every asset size and geographic area of the country, shared their thoughts. The survey covered a range of topics, but one of the most revealing questions asked, What are your greatest compliance challeng- es in 2016? Given eight areas from which to choose, the respondents answered as follows: Mortgage Compliance 68.8% ERM 27.1% Consumer Protections 52.1% Stress Testing 15.6% Vendor Management 42.7% OFAC and Watch List Screening 7.3% BSA/AML 39.6% Other 3.1%