Unprecedented Change All at Once
Editor’s NotE: A brief
questionnaire was sent via
e-mail to a select group of
compliance professionals involved
in various American Bankers
Association boards, councils and panels
to help figure out what 2010 will bring.
ABA Bank Compliance would like to thank
all those who participated with honest, frank
answers, for making this article possible.
THE YEAR 2010 LOOKS TO BE A RATHER TUMULTUOUS YEAR
of unprecedented proportions for bank compliance officers. There will be many issues, including new regulations
and some very unsettling reform. Compliance officers will be asked—
mandated—to quickly implement new programs and comply with new
regulations and rules with limited new resources on tight budgets. This
article will examine the insights of leading compliance professionals
to flesh out a state of the industry, thus preparing compliance officers
for what lies ahead this year.
