Supervision in Brief
This publication offers observations by the Head of Supervision of Financial Institution Supervision and Credit (FISC) on current banking and regulatory issues facing 12th District institutions.
Posted December 11, 2019
The overall financial health of the industry has allowed bankers and bank supervisors alike to better assess and understand a number of increasing nonfinancial risks, such as cyber security, cloud usage, and data governance. To expand our knowledge and deepen our thinking in this area, our fintech team recently partnered with FinRegLab to host a Data Symposium, The Role of Consumers in the Data Ecosystem. The Symposium was a valuable step toward establishing a shared vision on the importance of protecting consumer financial data and supporting a strong ecosystem of innovation, competition, and collaboration among traditional financial institutions and fintech firms.
Posted August 2, 2019
This issue of Supervision in Brief discusses three topics that arose during a recent Western Bankers Association roundtable at our Los Angeles branch. While banking conditions remain very positive overall, our conversations at the roundtable revealed that banking and financial services still face a number of challenging and complex policy issues. These include CECL adoption, Community Reinvestment Act reform, and the California Consumer Privacy Act of 2018. Taken individually, each of these issues is a key factor in the life of a modern financial institution. Taken together, they serve as a reminder that positive banking conditions, no matter how good, do not resolve hard policy challenges.