Gone are the days when financial institutions (FIs) attained a higher return on equity (ROE) via organic growth, acquisitions, or interest rate moves. Firms must survive and thrive by finding new approaches to cost cutting given the current market dynamics and uncertainties in this age of regulatory reform. Firms are reducing costs left and right, from lowering headcounts to desperately switching the lights and AC off after 5PM. Enterprise Risk Management (ERM) is one of the few areas where financial institutions are increasing spending.