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The Compliance Challenge: An examination of ABA

Highlights of biennial survey presented with experts’ commentary


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?
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Webinar: Real-Time Payments in the U.S. Market

Time/Date: June 16, 2021 2:00 p.m. ET

The U.S. has come a long way in its journey to real-time payments, with TCH and Zelle in market and FedNow just around the corner. COVID-19 has accelerated that demand to move to real-time. Yet many financial institutions remain unconvinced of the need to move, with less than 3% of financial institutions signed up today.

In this Banking Exchange hosted webinar Celent’s Gareth Lodge, Senior Analyst, Global Payments, and Alacriti’s Mark Ranta, Payments Practice Lead, discuss the findings in the Celent research report, Real-Time Payments in the US Market: Speeding Up or Slowing Down? A Call to Arms.


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