Bankers Chafe Under Burden of Regulation
By Andrea Gregory
Almost any community banker will tell you regulatory compliance has become a concern in recent years. Corporate scandals involving companies such as Enron, Tyco and WorldCom and the Bush administration’s focus on fighting terrorism have spurred a host of new regulations, including the USA PATRIOT Act and Sarbanes-Oxley Act. Increasingly, leader of smaller banks say keeping up with regulatory mandates has increased costs and strained resources.
Subscribers, click here to read entire story | Click here to purchase a subscription
|
