Regulatory compliance is often viewed as a necessary cost of doing business, but what if it could also be a driver of profitability and growth? In our latest whitepaper, Regulatory Risk Management as a Strategic Discipline, Prescott Ford, a former OCC examiner and SolomonEdwards regulatory risk expert, explores how banks and financial institutions can move beyond a reactive approach to compliance. Drawing on his extensive regulatory experience, Ford explains how integrating risk management into business strategy can strengthen governance, improve decision-making and create a competitive advantage.
About the Author
Prescott Ford
Principal
Banking and Financial Services, Regulatory Risk Management
Prescott Ford is a Principal in the Banking & Financial Services practice at SolomonEdwards. A retired OCC Supervisory National Bank Examiner with more than 20 years of Federal service, he served as a Technical Team Lead and resident examiner at Citibank and JPMorgan Chase, and as a Resource Team Manager leading a nationwide cadre of specialist examiners supervising regional, midsize, and complex community banks. With disciplines covering capital, capital markets, model risk, retail credit, mortgage banking, operational risk, strategic risk, internal audit and governance, his experience crosses the risk stripes. Prior to rejoining the OCC, he served as Managing Director of Regulatory Affairs for a leading capital markets advisory firm, advising boards and executives at hundreds of banks and credit unions on regulatory risk, asset/liability management, consumer credit portfolio and securities investment, and overall exam readiness. Prescott also served as creator and Senior Director of the Compliance Audit Group at Fitch Ratings, where he designed and efficiently built the firm’s global compliance and testing function, described by the SEC as “robust” in regulatory examinations and in Congressional testimony
To learn more, connect with Prescott at pford@solomonedwards.com.
