Regulatory Inspection Readiness Audit

Considering that there are thousands of regulatory requirements; in the heat of handling day-to-day business activities, at time, unknowingly slips from regulatory requirements do happen. Sometimes, if the regulations are not clear enough to prompt “do it” or “don’t do it”, but lie in the grey zone, banks do take calculated risks and interpret these to their/customers’ advantage.

But the regulators watch and do notice such slips or unintended interpretation of regulations in the grey zone, and come down heavily on the banks during their supervisory review exercises. To guard against such adverse findings and resultant punitive actions, Alpha Plus Group Banking Advisory Team, equipped with thorough understanding of regulatory requirements, has been assisting banks through Regulatory Inspection Readiness Audits to identify intended or unintended slips so that these get appropriately addressed before the regulator notices them.