Case Study: Community Bank strengthens regulatory compliance with Grant Thornton’s ERM Lite

Community Bank eliminates 43 regulatory gaps with Grant Thornton

The customer, a community bank, needed to strengthen its risk management processes to meet regulatory requirements. The vendor, Grant Thornton LLP, used its ERM Lite service to analyze the bank's existing procedures and help it create a compliant risk assessment methodology.

Grant Thornton implemented a cost-effective solution by performing an in-depth analysis and establishing an internal risk management practice. This resulted in the identification of 43 regulatory gaps and the creation of 15 distinct areas for ongoing risk monitoring. The bank successfully passed multiple regulatory reviews with no adverse findings and gained an enhanced ability to proactively identify and address enterprise risks.

Community Bank