The Indiana Bankers Association has joined with bank trade associations nationwide to create the Regulatory Feedback Initiative (RFI), designed to bring transparency and accountability to the regulatory process, and to help every bank in the country prepare for examinations and manage regulatory risk.

The initiative consists of an anonymous online survey for every bank to take immediately following each examination. This process allows the Coalition of Bankers Associations to track regulatory practices, state-to-state and regulator-to-regulator. Identifying inconsistencies and misguided regulatory treatment is more important now than ever, given the avalanche of new regulations required by the Dodd-Frank Act. The survey is anonymous and, because the data is available only in aggregate form, results cannot be tracked back to any participating institution. 

The Coalition has released the new Bank Exam Prep Center where surveys may be submitted and where bankers may view survey data from recently completed examinations from banks that have submitted RFI surveys. 

For questions or more information, please contact Rod Lasley at the IBA, 317-387-9380.