Citigroup has faced significant challenges in training employees in key areas such as risk, compliance, and data management, according to an internal assessment seen by Reuters.
The bank, which has been under two regulatory consent orders for the past four years, has struggled with a shortage of skilled personnel and inadequate training tools. These issues have slowed efforts to address regulatory concerns raised by the US Federal Reserve and the Office of the Comptroller of the Currency in 2020.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.