Timothy Burniston | Wolters Kluwer
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  • Timothy Burniston

    Timothy Burniston

    Executive Vice President

    Timothy Burniston joined Wolters Kluwer as executive vice president of the company’s Risk and Compliance consulting practice in December 2011. He works directly with compliance and risk management executives to help them more effectively navigate an increasingly complex regulatory environment under the Dodd-Frank Act. He does so drawing upon his experience leading compliance examination programs for more than 35 years at the Federal Reserve Board (Fed), Federal Deposit Insurance Corporation (FDIC) and Office of Thrift Supervision (OTS).

    Prior to joining Wolters Kluwer, Burniston was a senior associate director with the Federal Reserve Board’s Division of Consumer and Community Affairs. While with the Fed, he was tapped by the U.S. Department of the Treasury to help develop the new Consumer Financial Protection Bureau’s large depository institution examination program. Burniston’s main responsibilities at the Fed included monitoring and evaluating its consumer compliance examination and fair lending enforcement programs.

    Burniston began his regulatory career as an analyst and consumer compliance examiner with the Federal Reserve Bank of New York in 1977 and joined the Fed’s Division of Consumer and Community Affairs shortly thereafter. Burniston left the Fed in 1988 to establish the compliance examination program at the OTS. 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 served on the CRCM Advisory Board of the Institute of Certified Bankers.

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    Compliance Concerns Easing for Banks
    (Published November 10, 2016) Banks and credit unions across the nation are reporting a collective decrease in their concern levels for risk and regulation, according to the results of Wolters Kluwer’s annual Regulatory and Risk Management Indicator featured in the MReport. This is the first decline the survey has seen in four years.
    Survey Roundup: Anxiety Over Compliance on the Decline
    (Published November 11, 2016) Anxiety over compliance is on the decline, according to Wolters Kluwer’s latest Regulatory & Risk Management Indicator. The Wall Street Journal featured Wolters Kluwer’s annual findings in a roundup of recent surveys dealing with risk and compliance issues.
    What! Concerns Over Risk Management, Reg Compliance Actually Decline
    (Published November 10, 2016) Although Wolters Kluwer’s annual survey results show that banks and credit unions concerns over risk management and regulatory compliance have collectively dropped, new worries are taking their place. Cybersecurity and regulatory change management were cited among the top risks anticipated in the coming 12 months.
    Data Governance: A Regulatory and Business Imperative
    (Published November 2015) Timothy Burniston, Executive Vice President with Wolters Kluwer consulting practice discusses how data should be considered a strategic asset, providing deep insight into customer behavior and the ability to make critical decisions.
    Data Governance: A Regulatory and Business Imperative
    (Published November 2015) Data is a valuable, strategic asset for financial institutions, helping not only in meeting compliance requirements, but providing deep insights into customer behavior and supporting critical business decisions. As effective data management becomes an increasingly important competitive differentiator in the financial services industry, those whose jobs revolve around data would be well served in working toward becoming true stewards of their organization’s data resources.
    CFPB Announces Finalization of HMDA Reporting Rule
    (Published October 2015) In response to finalization of new Home Mortgage Disclosure Act data collection rules, Timothy R. Burniston comments on the law's implications for the mortgage lending industry.
    Preparing for Exams
    (Published April 2015) In this Mortgage Banking major feature, Wolters Kluwer Financial Services’ Tim Burniston and Steve Cross provide insights, as former banking regulators, on how financial institutions can successfully prepare for an exam.
    A Brave New World of Regulatory Oversight: 4 Key Areas
    (Published January 2014) Preparing for a world of heightened oversight can be tricky. This paper lays out the four key areas where you should expect to be scrutinized by the Consumer Financial Protection Bureau. Those four areas are: Compliance Management Systems, Administration of Fair Lending Responsibilities, Consumer Compliant Management and Data Integrity.