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The Banking Compliance Index™ (BCI) measures the incremental cost burden
on financial institutions to keep up with regulatory changes. 

 FTE Consumption ScoreFTE Consumption % Change QuarterlyFTE Consumption % Change Quarter on QuarterRegulatory ChangesHours to Comply/ Institution% Change in Hours To Comply% Change In Hours to Comply Quarter On QuarterIncremental Cost Per Institution per QuarterRegulatory Changes Page CountPages in ThousandsEAsEAs/ 100's% Change in EAs**EA RateAvg. # Items in an EA
Q4 2015 2.23 81% 77% 125 968 152% 159% $52,317 4309 4.3 159 1.59 -6% 10.14% 4
Q3 2015 1.23 -28% -34% 70 384 -34% -41% $29,145 2231 2.2 170 1.70 -18% 10.71% 5
Q2 2015 1.72 27% 16% 73 582 76% 13% $41,471 1644 1.6 207 2.07 18% 12.90% 5
Q1 2015 1.35 -7% -20% 61 331 -11% -31% $30,998 1605 1.6 176 1.76 30% 10.82% 7
Q4 2014 1.26 -32% -22% 79 374 -43% -33% $29,660 4109 4.1 135 1.35 -10% 8.20% 7

The Banking Compliance Index (BCI) is a quarterly tracking index published by the Regulatory Operations Center™. It measures the incremental cost burden on financial institutions to keep up with regulatory changes. The BCI data sources include: CFPB, FDIC, FED, NCUA and OCC. The BCI is calculated using an average size institution of $350 million.

The Q4 2015 BCI shows a 56% increase over Q3's volume of regulatory changes, reaching a record high of 125. Those changes come via 4,309 pages which need to be read, interpreted and implemented by each institution. The average financial institution will require an additional 2.23 full time employee equivalents (FTEs) to research and address just Q4’s new regulatory changes. This represents an 81% increase from the 1.23 FTEs needed to cover Q3 2015 changes. These regulatory changes placed an additional $52,317 cost burden on the average institution for the quarter while the total added cost burden for 2015's regulatory changes added up to $153,931 for the average financial institution.

Click here for the Full BCI Q4 2015 Report »

Click here for an image of the BCI table » 

The BCI is used as reliable reference data to publications such a The Economist, WSJ, Bloomberg, American Banker, Independent Banker, Bank Innovation, Credit Union Times, Credit Union Journal, Mortgage News Daily, Reverse Mortgage Daily.

Compliance Savings Index™

 No of Actions Completed*FTE Hour Savings per InstitutionSavings per InstitutionSavings across all managed InstitutionsFTE Saved across all Institutions
Q4 2015 61,889 338.1 $15,259 $3.31M 141
Q3 2015 66,823 353.8 $16,139 $3.13M 132
Q2 2015  59,198 321.2  $14,916   $3.18M 131 
Q1 2015 51,777 328.8 $14,538 $2.83M 124

Compliance Savings Index™

The Compliance Savings Index™ (CSI) is a quarterly index published by The Compliance Core™ Network of community financial institutions. This index shows tasks, completed in response to regulatory compliance requirements, actioned by these institutions over the Q3 period.

*Sources: Continuity Compliance CoreTM, FDIC