Election Day may have come and gone, but the dust has yet to settle. A change in the White House could shift  regulatory attention toward more rigorous supervision and enforcement activity, particularly with regard to  consumer protections. Control of the Senate will impact the ability of any White House to successfully  implement legislative change in the financial services industry.

At the same time, Congress and regulators will continue efforts to mitigate the economic impacts from COVID-  19 on consumers and businesses well into 2021, prolonging regulatory and public focus on stimulus funding,  emergency credit facilities and programs, and consumer/investor protections.

Recognizing the significant operational shifts required by efforts to contain COVID-19, regulatory attention is  returning to core risk areas of change management, enterprise risk management, operational resilience and  cybersecurity, and compliance risk.

Attention toward environmental, social, and governance (ESG) considerations, and in particular climate change,  is currently being driven by economic and industry pressures. A unified election swing away from the status  quo in the White House and Senate (depending on the margins) could increase regulatory participation in this  area significantly, including policy and regulatory requirements