Craig Sanders is a partner at Moss Adams LLP. He oversees consulting services to the firm’s financial services clients. Prior to joining Moss Adams, Mr. Sanders was the president and CEO of a financial services consulting firm that provided IT security, regulatory compliance and internal audit services.
Risk Pressures Intensify in 2024
Amid intense competition for deposits and compressed net interest margins, bank leaders are focused on managing deposit pricing and liquidity, says Craig Sanders, a partner with Moss Adams. Banks have also faced heightened regulatory scrutiny, including greater pressure on fee income that could impact profitability. Regulators are also focused on technology, including the use of artificial intelligence technologies and partnerships with fintechs. In response, banks are ramping up vendor management practices.
Topics include:
- Liquidity Management
- Regulatory and Compliance Risk
- Fee Income Challenges
- Artificial Intelligence Oversight
Bank Director’s 2024 Risk Survey, sponsored by Moss Adams LLP, examines key risk areas facing the banking industry, including regulatory pressures, cybersecurity and balance sheet risks. The survey results are also explored in the 2nd quarter 2024 issue of Bank Director magazine.