Federal push for changes to financial services supervision and regulation
May 2023
Federal bank regulators, the White House, and other federal agencies continue to issue suggestions for potential changes to financial services supervision and regulation. Such changes are likely to have both near-term impacts (from the perspective of supervisory reviews and focus under existing authority/regulations), as well as longer-term impacts (including regulatory proposals and/or Congressional actions). These changes might include:
Potential change areas | Sample regulatory issuances |
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Enhanced Prudential Standards (EPS) Rules:
| White House statement (See KPMG Regulatory Alert, here.) FRB, FDIC, and GAO reports and speeches FDIC paper on Options for Deposit Insurance Reform (See KPMG Regulatory Alert, here.) |
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| FSOC proposal to establish an analytic framework to 1) identify, 2) assess, and 3) respond to potential financial stability risks (See KPMG Regulatory Alert, here.) FRB, FDIC, and GAO reports and speeches |
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Regardless of size or complexity, financial service companies should expect short-term impacts to supervisory reviews/examinations, including:
Potential change areas | Sample regulatory issuances |
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| FRB, FDIC, and GAO reports and speeches |
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Bank Supervision and Regulatory Change
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