By
Aaron Nicodemus2023-03-17T15:57:00
Small and mid-sized banks can expect more regulatory scrutiny in the aftermath of the collapses of Silicon Valley Bank (SVB) and Signature Bank, according to legal experts.
The time to prepare is now.
“The pendulum will swing to a much more aggressive, hyper-focused review by exam teams at individual banks,” said Patrick Hanchey, partner at law firm Alston & Bird. Banks should “take the bull by the horns and be proactive,” he said.
2023-03-28T20:26:00Z By Aaron Nicodemus
Banking regulators defended their supervisory actions and pledged to find answers as to what went wrong when discussing the factors leading to the failures of Silicon Valley Bank and Signature Bank before the Senate Banking Committee.
2023-03-27T18:59:00Z By Adrianne Appel
In sudden bank buyouts, the workload on compliance departments skyrockets as new customers are nearly instantly assumed by the purchasing bank. Experts share their take on managing the resulting risks.
2023-03-24T20:34:00Z By Aaron Nicodemus
The Federal Reserve Board further expounded on the risk management deficiencies it found at Custodia Bank as part of the digital-first bank’s application to become a member of the Federal Reserve System.
2025-12-12T18:25:00Z By Adrianne Appel
President Donald Trump has issued an executive order aimed at dismantling the artificial intelligence (AI) laws of California, Colorado and three other states with comprehensive laws.
2025-12-12T17:44:00Z By Neil Hodge
The U.K. Serious Fraud Office (SFO) has updated its guidance about how it evaluates corporate compliance programs when considering whether to prosecute or offer leniency to companies that have breached bribery and corruption laws.
2025-12-12T16:58:00Z By Adrianne Appel
Financial firms seeking guidance on AI, the threat of cyberattacks, market manipulation, or fraud targeting senior clients can turn to annual guidance issued by the Financial Industry Regulatory Authority.
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