Tag: Residual Risk

This View Of Risk Will Improve Your Bank

Bank Risk Management

We think this is a brilliant calculation and sums up the current environment nicely. According to our friends over at Continuity Control (with a cool phone number of 888.We.cmply), there were 82 new regulatory changes in 3Q that took up 3,404 pages – the most since 1995. In response to those changes, community banks had to spend 653 hours (the full-time employee equivalent of 1.86 bankers) just to read, understand and comply. That is a 26% increase over 2Q and equates to a cost of about $45,264 per quarter or $181, 056 annualized. 

 

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