WASHINGTON — For the second year in a row, enforcement actions set a record, jumping 21% last year, to 2,724, an increase industry representatives attributed to a persistently heightened focus on capital and safety and soundness standards in the wake of the financial crisis.
But unlike in 2009, regulators last year appeared to be leaning more toward informal, nonpublic actions. Formal enforcement actions dropped nearly 8% from their record a year earlier but informal ones shot up by 34%, to 1,668, according to data collected by American Banker.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access