Change is here for the regulators and the regulated
Home/Banking Strategies/Change is here for the regulators and the regulated
Change is here for the regulators and the regulated
Change is here for the regulators and the regulated
A waning pandemic, improving technology and a new administration in Washington could soon influence the compliance environment. We examine these three areas in the latest BAI Executive Report.
An approaching end to the pandemic, better technology and a new administration in Washington – all these factors could soon influence the compliance and regulatory environment that financial services organizations face.
As the U.S. emerges from the COVID-19 crisis, financial services leaders will need to figure out how much of the emergency measures put in place in early 2020 should be made permanent, and then how to put the appropriate guardrails around them. Technological advances add to the ongoing internal discussions about how much of the compliance function to automate. At the same time, the shifting priorities of federal agencies under President Biden will lead banks and credit unions to make corresponding changes in how they run their businesses.