Regions Bank 2010 Annual Report Download - page 34

The Dodd-Frank Act contains several provisions which may affect Morgan Keegan’s business, including
registration of municipal advisors, increased regulation of investment advisors and conducting a study regarding
the fiduciary duties of investment advisors. Morgan Keegan’s business may be adversely affected by new rules
and regulations issued by the SEC or SROs, the implementation of provisions of the Dodd-Frank Act applicable
to Morgan Keegan, and any changes in the enforcement of existing laws and rules that affect its securities
business.
Competition
All aspects of Regions’ business are highly competitive. Regions’ subsidiaries compete with other financial
institutions located in the states in which they operate and other adjoining states, as well as large banks in major
financial centers and other financial intermediaries, such as savings and loan associations, credit unions,
consumer finance companies, brokerage firms, insurance companies, investment companies, mutual funds,
mortgage companies and financial service operations of major commercial and retail corporations. Regions
expects competition to intensify among financial services companies due to the recent consolidation of certain
competing financial institutions and the conversion of certain investment banks to bank holding companies.
Customers for banking services and other financial services offered by Regions’ subsidiaries are generally
influenced by convenience, quality of service, personal contacts, price of services and availability of products.
Although Regions’ position varies in different markets, Regions believes that its affiliates effectively compete
with other financial services companies in their relevant market areas.
Employees
As of December 31, 2010, Regions and its subsidiaries had 27,829 employees.
Available Information
Regions maintains a website at www.regions.com. Regions makes available on its website free of charge its
annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments
to those reports which are filed with or furnished to the SEC pursuant to Section 13(a) of the Securities Exchange
Act of 1934. These documents are made available on Regions’ website as soon as reasonably practicable after
they are electronically filed with or furnished to the SEC. Also available on the website are Regions’
(i) Corporate Governance Principles, (ii) Code of Business Conduct and Ethics, (iii) Code of Ethics for Senior
Financial Officers, (iv) Expenditures Policy, and (v) the charters of its Nominating and Corporate Governance
Committee, Audit Committee, Compensation Committee and Risk Committee.
Item 1A. Risk Factors
Our businesses have been and may continue to be adversely affected by conditions in the financial markets
and economic conditions generally.
The capital and credit markets since 2008 have experienced unprecedented levels of volatility and
disruption. In some cases, the markets produced downward pressure on stock prices and credit availability for
certain issuers without regard to those issuers’ underlying financial strength. Although the economic slowdown
that the United States experienced has begun to reverse and the markets have generally improved, business
activities across a wide range of industries continue to face serious difficulties due to the lack of consumer
spending and the lack of liquidity in the global credit markets. Heightened unemployment levels have further
increased these difficulties.
A sustained weakness or weakening in business and economic conditions generally or specifically in the
principal markets in which we do business could have one or more of the following adverse effects on our
business:
• A decrease in the demand for loans and other products and services offered by us;
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