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2200+ pages of new requirements elevate concerns on how to adapt



NEW HAVEN, Conn. – July 15, 2019.  Continuity’s Regulatory Operations Center® has released the second quarter 2019 Banking Compliance Index™ (BCI), revealing a 25% quarter-over-quarter increase in the level of effort required by financial institutions to keep up with regulatory change.  A retrospective analysis of the data points collected over a fifteen year period indicates that the regulatory environment is stabilizing at levels comparable to 2008, before the financial crisis and ensuing Dodd-Frank Act regulations.

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Stable regulatory activity in Q1 2019 confirms regulatory restraint, individual actions send mixed signals to bankers

NEW HAVEN, CT (April 23, 2019)  — Continuity, the leader in compliance change management solutions, recently released the Q1 2019 Banking Compliance IndexTM (BCI).  The BCI held steady in Q1 2019, remaining on par with levels experienced in Q1 2017 and Q1 2018. These consistencies solidify new patterns in a climate of regulatory restraint from Federal regulators. Yet bankers should be concerned about an alarming new trend: Q1 2019 was the third consecutive quarter in which more than 50% of enforcement actions by number were taken against bank officers and directors individually, versus their financial institutions. Credit union employees also felt the impact of individual enforcement at the frontline level.  

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Enforcement rate drops below 10 percent for first time in five quarters

New Haven, CT — After levying record numbers of enforcement actions against financial institutions (FIs) in recent quarters, regulators eased enforcement activity slightly in 2016’s second quarter.

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Enforcement rate against financial institutions tops 10 percent for fifth straight quarter

New Haven, CT — After issuing a record number of regulatory changes in 2015, regulators levied more enforcement actions against financial institutions (FIs) in Q1 2016 than in either of the preceding two quarters, signaling escalating pressure in the already “hot” enforcement climate.

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Institutions are feeling the pain of the 76 percent increase in the costs necessary to keep up with regulatory changes

New Haven, CT — Community financial institutions (CFIs) faced a record-breaking 125 regulatory issuances during the fourth quarter of 2015, increasing the total number of regulatory pronouncements to 329 for the full year 2015, according to the Banking Compliance Index™ (BCI). This represents a 56 percent increase from the number of rule issuances institutions saw during Q3 2015, and a nine percent increase over the full-year 2014.

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To date, more than 550 enforcement actions have been issued to non-compliant banks 


New Haven, CT — Regulators continued to crack down on non-compliant community financial institutions (CFIs) in the third quarter, setting 2015 up to be a record year for enforcement activity, according to the latest Banking Compliance Index™ (BCI).

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Recent Inc. 500 winner Continuity releases RegAdvisor Pro


New Haven, CT— Continuity, recently named to the Inc. 5000 list of fastest-growing U.S. companies, has released RegAdvisor Pro, a regulatory change management power tool for banks and credit unions.

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Costs, hours required for community banks to maintain compliance continue to rise


New Haven, CT — Enforcement actions hit a new all-time high last quarter, as regulators continued to crack down on non-compliant financial institutions, according to the Q2 2015 Banking Compliance Index. (BCI).

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More regulatory changes expected as year continues

New Haven, CT — Enforcement actions rose by a startling 30 percent in the first quarter of 2015, as regulators cracked down on non-compliant financial institutions, according to the Q1 2015 Banking Compliance Index (BCI).

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