Pub. 3 2013-2014 Issue 6

10 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S FEATURE ARTICLE JENNIFER TORBECK WISCONSIN BANKERS ASSOCIATION “The continued success of the Regulatory Feedback Initiative depends on banks integrating the survey into their ongoing regulatory compliance processes, by completing a survey immediately following each regulatory exam or visitation.” Regulatory Feedback Initiative Allows Bankers to Make their Voices Heard I nconsistency is among the top concerns bankers have regarding examinations and visitations by their regulators. Rather than coping with these inconsistencies and the uncertainty regarding what issues will be covered in an examination or how a regulation will be enforced, as well as wonder- ing whether the bank down the street has a similar exam experience, bankers can take ac- tion with the Regulatory Feedback Initiative. The Regulatory Feedback Initiative is a powerful tool in the form of a confidential electronic survey which allows bankers to anonymously provide details on their most recent examination or visitation, creating a new level of transparency in the examina- tion process. Survey results are aggregated and analyzed to identify discrepancies in how banking regulations are enforced, and to help avoid misguided regulatory treatment. Bankers need not be concerned with the anonymity of the survey. Data cannot be traced back to the reporting bank, as it is reported only in aggregate form. Participa- tion in the survey will not violate the confi - dentiality requirements associatedwith any