Don't Let Social Media Take Down Your Financial Institution
The blurred lines between personal and business use of social media makes compliance with the more than 10,000 rules and regulations an impossible task. However, with nearly a dozen regulators who have control of bank's social media usage, compliance among your employees, partners and customers is an essential duty. Non-compliance will mean both financial and reputational risks for your organization.
So how can you understand the regulatory landscape's impact on social media usage and create a culture of compliance?
Two leading social media compliance experts discuss:
- Stay on top of the shifting social media regulations and array of regulators;
- Use a social media checklist to achieve compliance;
- Effectively monitor and document your organization's social media content.