Many bankers report wrestling with burdensome, duplicative and sometimes unnecessary banking rules and regulations. Others report that bank exams lately have become more reasonable. To help ensure that regulatory examinations are fair and examiners apply consistent standards, ABA and the state bankers associations are asking every bank across the country to participate in the Regulatory Feedback Initiative by completing a new, streamlined post exam survey after each safety & soundness and compliance examination.
Since 2011, the goal of the survey has been to aggregate banks' exam experiences, share results with regulators, generate banker requested reports, and fight for fair and consistent application of all regulations, rules and regulatory guidance.
To date, almost 3,100 surveys have been completed. Banks that have not already completed a survey since their last exam are urged to do so by May 31. The survey is anonymous, and participants are guaranteed data confidentiality.
Take the survey.