Assessing the State of Bank Regulatory Compliance
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ROCCO A. MAGNOTTA
(ram@bankersbanknortheast.com) is vice president and relationship manager with Bankers’ Bank Northeast, based in Glastonbury, Conn. Previously, he was with the Federal Reserve Bank of New York for more than 30 years. |
By Rocco A. Magnotta
It’s no surprise that community banks are finding bank regulatory compliance both costly and burdensome. The banking industry’s annual bill for compliance is now estimated at $25 billion.
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