With federal regulators becoming more receptive to large deals, bank merger approvals have sped up under the Trump administration. Although the anticipated merger activity volume has slowed relative to early 2019 projections, the fact remains that attention to detail in the execution of these combinations has never been more important.
A bank is only as good as its staff, so ensuring that they really do know what they are supposed to know is of utmost importance. Traditional testing is like a sheep dip, messy, time-consuming and stressful – and it will not help individual staff get up to speed. The best way to keep the business healthy – and customers and regulators happy – is to apply diagnostics.