Smaller Banks Drive Rise In Compliance Spending: Report

Law360, New York (July 29, 2013, 2:41 PM EDT) -- A surge in spending by financial institutions on compliance costs last year was driven by banks with $10 billion or less in assets that are now getting increased attention from regulators around the world, according to a report released Monday.

Those smaller banks are ramping up their capabilities to perform Dodd-Frank Act mandated stress test capabilities that determine their ability to handle financial shocks for banks with $10 billion in assets. They are also increasingly looking to adopt measures to guard against risks to their enterprises,...
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