ARTICLE · 12 AUGUST 2024

Supervisory Experience And Enforcement Actions Continue To Drive Supervisory Priorities And Policy Development

Goodwin Procter LLP

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This article identifies themes we have observed in recent public formal enforcement actions issued to institutions by the US federal bank regulatory agencies (Agencies) — the Board of Governors of the Federal...

United StatesFinance and Banking

Alexander J. Callen

This article identifies themes we have observed in recent public formal enforcement actions issued to institutions by the US federal bank regulatory agencies (Agencies) — the Board of Governors of the Federal Reserve System (Federal Reserve), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) — in the past year.¹

We have found that supervisory experiences and enforcement actions continue to drive supervisory priorities and policy development, with this year's focus being on bank-fintech arrangements, bank capital planning and adequacy, and continued focus on perceived weaknesses at global systemically important banks (G-SIBs), which in the latter case appear to reflect unique deficiencies at each institution.

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