646.634.1945

646.634.1945

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Regulatory Advisory Services

The regulatory burden and other pressures on banks continues to mount. Choosing the right consultant is extremely important to solving issues quickly and effectively. Our extensive experience at a wide range of institutions will allow us to quickly understand your business, understand your concerns and provide meaningful results. We have the experience to ensure your institution gets the remediation of regulatory issues right the first time. 

  • Experts with certifications such as JDs, CPAs, CRCMs, CMBs, and CIAs 
  • Integral in resolving formal agreements of institutions ranging from $100 million to $50+ billion
  • Deep understanding of regulator expectations and best practices
  • One stop shop to remediate all aspects of regulatory findings including:

    • Governance
    • Credit
    • Accounting/Finance/Financial Reporting
    • Consumer Compliance
    • Regulatory Compliance
    • BSA/AML Programs and Systems
    • Information Technology and Security
    • Strategic Capital Planning
    • Liquidity and Contingency Funding Planning
    • Financial Reporting
    • Interest Rate Risk Management
    • Vendor Management 
    • Model Validation

Representative Projects

  • Several Banks with assets ranging from $100 million to $2.5 billion have used Verittas to prepare Management Evaluations, Board Governance Reviews, Capital Plans, Profit Plans, Strategic Plans, Credit Remediation Plans, Contingency Funding Plans, Stress Testing Regimens and Interest Rate Risk Management Plans to comply with various OCC, FDIC and Federal Reserve Enforcement Actions.

  • Acquired by a $100 billion+ international banking holding company, a domestic bank engaged us to assist with business strategy revision, capital plan, strategic plan, loan workout plan, compliance and accounting issues related to an OCC Regulatory Order. Within a few months of the acquisition, the Order was lifted.