The Compliance Challenge: An examination of ABA

ABA recently released the results of the 2011 ABA Bank Compliance Officers Survey, conducted by the ABA Center for Regulatory Compliance. Over 900 compliance officers from a full range of bank sizes responded to ABA’s survey.

Banking Exchange is presenting selected survey results in segments, with input from compliance experts that puts the survey findings in perspective. As each segment is published, it will be added to the list below.

The survey is a continuation of a joint survey conducted in 2003 by ABA, Banking Exchange, and Wolters Kluwer (then Bankers Systems).
 

 

		Has your bank ever discontinued a product out of concern about the accompanying compliance burdens? You have a great deal of company, according to ABA’s Bank Compliance Officers Survey. Read more
		Most, but not all banks, spread accountability for compliance performance far beyond the banks’ compliance units nowadays. It’s not exactly a case of “the more the merrier,” but a recognition that in many institutions the challenge is bigger than the units’ ability to handle it, especially when critical errors may be made on the front lines of the bank. Read more
		For decades, banking leaders have complained about the costs of compliance. Marketers have cursed Compliance (and the bank’s lawyers) as the “innovation prevention department.” The compliance fraternity’s comeback has long been that the discipline was not a cost center, but a cost-prevention center. How well is that premise working? Read more