Trust Updates Archive

Bank examinations regulators Comptroller of the Currency U.S. Treasury SEC Risks Garbo Regulatory Examinations—Spike in Bankers’ Concernss

(May 28, 2014 --Chicago, IL) -- Trust bankers report substantially greater concern over examinations by bank regulators as compared to prior years, according to Trust Performance Report’s annual survey of trust assets.

Nearly 7 in 10 respondents rated regulatory examinations as a high (38 percent) to moderate (29 percent) concern. At the same time last year, only 1 in 10 survey respondents felt regulatory examinations were a high (3 percent) or moderate (9 percent) concern.

The survey also found an increase in concern over examinations by securities regulators: 22 percent in 2014, compared to 12 percent in 2013.

TPR’s annual survey, in addition to collecting financial data, asks trust bankers to grade their concerns in 12 different areas ranging from examinations to litigation to reaching their revenue targets. With the exception of examinations, trust bankers reported levels of concern in all other areas fairly similar to what they did last year.

Increased Regulatory Oversight

In 2013, federal bank regulators were hammered in congressional hearings for inadequate oversight of banks, especially anti-money laundering procedures. Based on the shift in industry feedback, it would appear regulatory supervision is tightening.

Adding to this pressure is a U.S. Treasury audit that found OCC bank examiners were not adequately documenting their reviews of banks’ oversight of third parties. The audit was publicly released in April. National banks are expected to see increased examiner attention in this area.

For more on these topics, see the current issue of Trust Regulatory News. For more information on trust industry statistics and performance benchmarks, see the current issue of Trust Performance Report 2014.

Trust Performance Report is the trust industry’s most comprehensive annual and quarterly report of industry best practices and benchmarks. In addition to bank trust divisions, the report contains information on state-chartered trust companies. The 182-page report is published during the first week of May and reports on 1,500 institutions. Quarterly updates report on the top 350 institutions.

To view sample pages of
Trust Performance Report, go to or contact Scott Miller, circulation manager, at or by calling 800-404-2116.

No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.
To subscribe to Trust Updates or for a trial subscription go to

To unsubscribe to Trust Updates go to

To subscribe, click on the link below :
• Trust Regulatory News
• Trust Performance Report or
• Fiduciary Earnings & Expenses

Subscription request can also be sent to ""
or by calling 800-404-2116.

• 1992-2014 Copyright© A.M. Publishing, Inc., Trust Regulatory News