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Diamond Management & Technology Consultants
Obama, FDIC Calls for Greater TARP Scrutiny Will Require Banks to Build New Compliance Capabilities: Diamond Management & Technology Consultants Report
February 1st, 2009
With President-elect Barack Obama reasserting he will reform a “weak and outdated regulatory system,” and the FDIC calling for more information about how the 5,000 banks it regulates are using billions of dollars in government aid to help struggling homeowners avoid foreclosure, banks face a larger regulatory challenge: answering to their new government and taxpayer shareholders without creating a vast and costly bureaucracy. According to a new report from Diamond Management & Technology Consultants (NASDAQ:DTPI), banks that are participating in the $700 billion Troubled Asset Relief Program (TARP) need to be proactive about adding capabilities to cope with a new...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-01)
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