A new survey of community bankers by audit firm KPMG finds executives lashing out at new regulatory requirements, blaming them for stifling growth and driving mergers and acquisitions.
Nearly one-third of those surveyed, however, admitted that they still haven’t taken a hard look at the direct impact of new capital requirements. Also, despite plans for greater investment in IT, mobile technology and cloud-based services, a mere 14 percent are making the threat of cyber-attack a planning priority.
