Timothy Burniston | Wolters Kluwer
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  • Timothy Burniston

    Timothy Burniston

    Senior Advisor, Regulatory Strategy

    Timothy R. Burniston joined Wolters Kluwer in December 2011 to lead the company’s Risk and Compliance consulting practice.  Under his leadership, the practice grew significantly in scope and now enjoys a national reputation for excellence. In July 2017 he was named senior advisor, regulatory strategy. In this role, he advises the Wolters Kluwer Governance, Risk, and Compliance executive leadership team and clients on emerging issues, legislative and regulatory developments, and regulatory strategy.  

    Prior to joining Wolters Kluwer, Burniston spent more than 35 years designing and leading compliance examination and supervision programs at the Federal Reserve Board (Fed), Federal Deposit Insurance Corporation (FDIC), and Office of Thrift Supervision (OTS).  Immediately before coming to Wolters Kluwer, Burniston was the senior associate director at the Fed’s Division of Consumer and Community Affairs where he was responsible for its compliance, CRA, fair lending, applications, examiner training, information management, and Reserve Bank oversight programs. While with the Fed, he was tapped by the U.S. Department of the Treasury to lead the implementation team that developed the Consumer Financial Protection Bureau’s large depository institution examination program. 

    Burniston began his regulatory career as an analyst and consumer compliance examiner with the Federal Reserve Bank of New York in 1977, and he joined the Fed’s Division of Consumer and Community Affairs in Washington, DC, shortly thereafter. Burniston left the Fed in 1988 to establish the compliance examination program at the former Office of Thrift Supervision. In 2000, he joined the FDIC to oversee a major redesign of that agency’s consumer compliance examination program. He returned to the Fed in 2005. 

    Burniston earned his undergraduate degree from Gettysburg College and an M.B.A. from George Washington University. He is a Certified Regulatory Compliance Manager (CRCM) and has served on the CRCM Advisory Board of the Institute of Certified Bankers.

  • Insights

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    Banking Survey: Concerns Persist in Effectively Managing Risk, Compliance Issues
    (Published March 1, 2020) In the Scotsman Guide, Residential Edition, March 2020 issue, Timothy R. Burniston, Senior Advisor, Regulatory Strategy for Wolters Kluwer’s Compliance Solutions business, presents an overview of the key results of the seventh Wolters Kluwer® Regulatory & Risk Management Indicator survey which provides insights, measurements, and validation of the major risk and compliance issues challenging U.S. banks, credit unions, and other lenders. The survey results also help us further hone and refine the products and services we bring to the market to assist financial institutions in better managing their risk and regulatory responsibilities.
    The CRA’s Impact: Real-life Examples of How Banks Foster Community Development
    (Published July 18, 2019) As efforts progress to modernize the Community Reinvestment Act to keep pace with significant changes in banking, Tim Burniston writes that the CRA’s fundamental tenets continue to be embodied in a variety of innovative, inspiring ways by banks large and small.
    What We Talk About When We Talk About Deregulation
    (Published March 6, 2019) Are recent changes in some areas of financial services regulation examples of deregulation, or rather adjustments in regulatory focus? In this ABA Banking Journal article, Wolters Kluwer's Tim Burniston notes that concerns over regulatory obligations remains high among two thirds of banks surveyed.
    Redlining: Everything Old Is New Again
    (Published February 14, 2017) Fair lending enforcement activity never seems to fade away. One of the hottest trending topic in fair lending risk right now surrounds the old-fashioned practice of redlining. Wolters Kluwer experts Timothy R. Burniston and Barbara Boccia address the redlining practices and the risks it poses to fair lending.