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3. Partner with an external regulatory expert
Given the scope of impending legislation, banks may want to simply
outsource their regulatory practice to an external provider. Staying
current with newly implemented and/or potential regulations requires
time, expertise, and deep industry knowledge. An external overseer
can advise on necessary regulation and compliance issues, giving banks
the freedom to focus on serving their communities. In addition, hiring
an external partner may be a cost-effective solution for smaller banks
that do not have the resources to maintain or support a compliance
function.

Key Takeaways
• Banks large and small will face a plethora of issues on the
regulatory agenda in the new year ahead.

• Topics as complex as artificial intelligence and as broad as
global climate change are just two of the many regulatory
focus areas that banks must contend with. For more information about BHG contact
Courtney Calderwood, SVP, Institutional
• To stay compliant amid impending legislative shifts, banks Relationships. She may be reached at
315-277-6598 or
may wish to partner with an external regulatory expert for ccalderwood@bhgbanks.com
guidance and support.

For more information about compliance
and regulatory solutions

A RKANSAS | 8 | Winter 2023
COMMUNITY BANKER