In the banking industry, regulatory expectations continue to rise, with increased emphasis on each institution’s ability to respond to the next potential crisis. Regulatory supervision, often through oversight from multiple regulators, has moved beyond the planning phase and is now focused on tools and implementation supported by strong ethics, culture, and related accountabilities at every level of the organization.
Top priorities include: strengthening risk management standards and capital and liquidity requirements; identifying risks posed by systemically important financial institutions and preventing potential too-big-to-fail scenarios; enhancing standards for supervising banks; and protecting consumers.
Deloitte recently published a report that examines twelve key regulatory trends for the banking industry in 2016. Here are some of the highlights:
For more information about these important regulatory trends, please visit Deloitte.com to download the full report.