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2019 Banking Regulatory Outlook

Navigating the trends of banking compliance regulations

Gain insight into key banking regulatory outlook trends and developments that companies should be tracking and addressing in 2019.

A shift in focus to regulatory review and refinement: 2019 banking regulatory outlook trends:

In the aftermath of the financial crisis and enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) in 2010, regulators put forth a substantial number of new or strengthened regulations and guidance documents. Now, after a period of real-world experience with these expanded requirements, some lawmakers and regulators think it’s time to take a step back, evaluate what is and isn't working, and adjust as necessary.

These themes are playing out both at a legislative level and at the banking regulatory agencies, which have substantial authority to adjust regulations within the confines of existing law. Actions being taken or contemplated include “rightsizing” regulatory requirements, amending requirements perceived overly burdensome in practice, and refining expectations communicated to banks by regulators.

Following the 2018 midterm elections, the democratic party leadership has indicated that the House Financial Services Committee will broadly focus its legislative agenda toward protecting consumers and investors, preserving financial sector stability, and encouraging responsible innovation in financial technology.

Meanwhile, the Republican-controlled Senate Banking Committee will likely continue to focus its legislative agenda on remaining refinements not already addressed in the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) passed in 2018. Beyond the divided Congress, we note that the regulatory agencies are now all led by President Trump appointees who have discretion, subject to Congressional oversight, to calibrate their supervisory policies and programs.

So, what does all this change mean? One important takeaway is that the long-awaited "pendulum swing" is now occurring, albeit in a very measured way. Another is that tailoring of firm supervision is back in style, both from a statutory perspective and in the way regulators conduct their supervision. Although these generally appear to be positive developments, firms can take further advantage of this moderate regulatory relief by maintaining sound risk frameworks and continuing to embrace tools to calibrate risk.

Regardless of what definitive changes lawmakers and regulators might make, banking organizations should continue to drive effectiveness and efficiencies across their risk and compliance programs so they can meet applicable laws, regulations, and supervisory expectations.

Select a topic below to learn more about the new banking regulations we’re tracking for 2019. We’ll be updating each topic with new thought leadership and content throughout the year, so you can explore trends and insights as they develop.

Related content:

January 3, 2019 | Banking supervision and regulation report

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This publication is part of the Deloitte Center for Regulatory Strategy Americas’ annual, cross-industry series on the year’s top regulatory trends. To learn more about regulatory challenges and opportunities in other industries, visit the Regulatory Outlooks homepage.

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