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Enforcement doubled from prior quarter; change management up 41%



NEW HAVEN, Conn. – October 21, 2019.  Continuity’s Regulatory Operations Center® (ROC) has released the third quarter 2019 Banking Compliance Index (BCI), revealing a 41% increase in the overall level of effort required by financial institutions to keep up with regulatory change. Hours consumed in change efforts jumped 46% from the second quarter. When comparing this year to Q3 2018, effort is up 28%, and hours consumed by regulatory change management and implementations are a whopping 85% higher than this time last year. 

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Banks and credit unions must find ways to better manage compliance ahead of a busy year end.

NEW HAVEN, CT (October 30, 2018)  — The Banking Compliance IndexTM (BCI) remained steady in Q3 2018, after nearly doubling from Q1 2018 to Q2 2018. The spike in regulatory activity from earlier this year demonstrates the significant impact of regulatory relief bill S.2155, which contained over 50 separate regulatory changes. Even though regulatory relief has been promised, financial institutions still have not experienced any regulatory lift.  

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 Implementing the regulatory relief bill causes more work for financial service organizations

NEW HAVEN, CT (August 2, 2018)  —  The Banking Compliance Index™ (BCI) nearly doubled from Q1 2018 to Q2 2018, revealing the significant impact of regulatory relief bill S.2155, which contained over 50 separate regulatory changes. This BCI increase reinforces that any change, whether adding or reducing regulations, translates to extra work for institutions. Also, the agencies have now filled their vacant leadership positions, which reduced some of the regulatory uncertainty experienced last quarter and may have contributed to a warmer enforcement climate.

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NEW HAVEN, CT (October 24, 2017)  — Continuity, a provider of automated compliance management technology for financial institutions, announces its third quarter Banking Compliance Index (BCI). This quarter’s data indicates a return to business as usual after a brief period of low regulatory activity in the first half of 2017, likely related to the uncertainties of a new administration following a typical election-year cycle. Uncertainty is over as new regs and enforcement action returns to 2015 levels.

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NEW HAVEN, CT (August 29, 2017)  — Continuity, a provider of automated compliance management technology for financial institutions, announces its second quarter Banking Compliance Index (BCI). 

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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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