Confronted with the recent financial crisis and emerging regulations of the U.S. Dodd-Frank Act, companies are facing a thickening regulatory web that is increasing the risks and costs associated with compliance. While large non-banking financial institutions in the U.S. now fall under the review and demand of the Federal Reserve, small to mid-sized financial institutions also face increasing regulatory demand requiring them to implement robust operational risk management. Never before has an effective risk management framework been more critical to such a wide variety of financial institutions.