Governance: Avoiding Post-Acquisition Culture-Related Compliance Issues

Merger and acquisition activity in the banking industry has been keeping a steady pace, making due diligence commonplace for many larger institutions in acquisition mode. Due diligence, of course, requires paying significant attention to detail to help increase the odds that the systems of the surviving organization function in a way that is consistent with laws, regulations, and sound banking practices. But this attention to detail often overlooks a critical component—cultural differences between the acquiring and the acquired bank.
ABABankComplianceBylinesJan-Feb_FS14903B1
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