Post Tagged with: "Continuity"

Enforcement Actions Against Banks Reached Record Low in 3Q

Enforcement Actions Against Banks Reached Record Low in 3Q

by November 22, 2016 at 4:33 pm 1 comment

This past quarter saw the lowest number of enforcement actions against financial institutions since 2013 (though there were some prominent cases in the media spotlight that may have led observers to think otherwise.) New Haven, Conn.-based compliance management company Continuity noted that despite the decrease in enforcement actions — 99 vs. 150 inRead More

Compliance Management Took More Than Two FTEs in 4Q

Compliance Management Took More Than Two FTEs in 4Q

by January 29, 2016 at 4:19 pm 1 comment

Banks spent 968 hours complying with regulations in the fourth quarter of 2015, according to a recent report from Continuity, which produces regulatory change management software to the financial services industry. That duration works out to 24 weeks of full-time work for the quarter, or the equivalent of more than two full-time employees — 2.23, to beRead More