WASHINGTON -- Bankers are ecstatic about the new wire transfer regulations they will be asked to comply with starting next year.

"This new regulation is nothing revolutionary. It is responsible banking," said Jane L. Wexton, vice president and senior attorney at Citibank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.