Speed matters. If a regulator asked you for evidence, how quickly could you produce it?
This isn't just a hypothetical question. When an examiner from the Fed, OCC, or CFPB asks for documentation, your response time is a key indicator of your control and competence. Scattered evidence across emails and spreadsheets can raise red flags, even if your underlying processes are sound.
As our CEO, Shawn Sweeney, notes in this week's #OneQuestion video, a slow response can create questions and concerns from examiners, while a quick, well-organized response can build their confidence in your business and systems. Don't wait for the exam; practice now.
Watch the video to learn more about why speed matters in an exam and how to prepare your team. Then, share your thoughts in the comments—how do you ensure your team is ready?