CHICAGO, Feb. 15, 2012 /PRNewswire/ -- The American Bankers Association (ABA) has renewed its exclusive endorsement of the governance, risk and compliance management services of Crowe Horwath LLP, one of the largest public accounting and consulting firms in the U.S. These services – which were first endorsed by ABA in 2008 – help banks improve upon their strategic objectives, while providing risk mitigation solutions in the areas of corporate governance, internal audit, information technology risk, BSA/AML compliance, regulatory compliance and enterprise risk management. Crowe currently provides these services to more than 500 financial institutions nationally.
The Corporation for American Banking, a subsidiary of the ABA, awards the ABA endorsement to premier products and services that help banks streamline operations and exceed the needs of their customers. To earn the exclusive ABA endorsement, products must meet stringent quality standards, fulfill industry needs and offer superior functionality. They must also satisfy certain key criteria, such as the company's ability to meet the long-term needs of financial institutions, provide hands-on support for banks through customer service and training, and validate financial soundness, management strength and deep understanding of the financial industry.
"We're pleased to announce this continued relationship with Crowe, a leading industry provider with a team of banking experts who work with our members to improve risk management, corporate governance and information technology processes," said John C. Wolff, president of the Corporation for American Banking. "Our bankers continue to look to ABA and Crowe for guidance on these issues, and this endorsement signifies ABA's confidence in Crowe's expertise and long-standing history of supporting the industry's needs."
"Crowe is very proud that our risk management solutions maintain the exclusive endorsement of the ABA on behalf of its members," said Mike Percy, managing partner of Crowe's Financial Services practice. "Crowe is a longstanding supporter of ABA, and this endorsement reinforces our continued commitment to helping financial institutions intelligently manage risks. We look forward to continue working with ABA in providing risk management services to the banking industry and upholding the values of the ABA's seal of approval."
About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees. The majority of ABA's members are banks with less than $165 million in assets. Learn more at www.aba.com.
About Corporation for American Banking
The Corporation for American Banking (CAB) is an affiliate of the American Bankers Association that endorses bank solutions on behalf of the Association, helping banks save money, make money, and operate more efficiently. Solutions range from mission-critical insurance, compliance and risk management programs to services that help banks stay competitive and efficient through technology and business growth platforms. More than 6,000 banks use at least one ABA-endorsed CAB program. These programs are also supported by State Bankers Associations through co-endorsement relationships. Learn more at www.aba.com/CAB.
About Crowe Horwath
Crowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting and consulting firms in the United States. Under its core purpose of "Building Value with Values®," Crowe assists public and private company clients in reaching their goals through audit, tax, advisory, risk and performance services. With offices coast to coast and 2,500 personnel, Crowe is recognized by many organizations as one of the country's best places to work. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest networks in the world. The network consists of 150 independent accounting and management consulting firms with offices in more than 580 cities around the world.
SOURCE Crowe Horwath LLP