As we already know, Regulators do not manage or run a bank. As a compliance employee, part of your role may be deciding when include regulators, Some of the those regulators are:

Branch Issue

Assessment Area Concern

Brokered Deposit Question

BSA Requirements

ZZZ Processing Company's Role

Data Breaches

Customer Privacy Information

XYZ Bank was confident with its research and conclusions:

This will not develop a branch

This will not develop an assessment area

The deposits will not be brokered

BSA can be effectively managed

ZZZ Processing company will be vetted like any other vendor or

network

Data breaches will be covered in the contracts

This product does not expose abnormal risk of privacy violations; there is always a "fine line" with regulators. Should the bank move forward

with your projects without them?, does asking for permission to take on a project show any negative precedent?

Do you share the bank's conclusions? If yes, why? If no, why?

What role should the regulators have in this product launch?

Why?