1、2023 banking regulatory outlookCENTER forREGULATORY STRATEGYAMERICAS2023 banking regulatory outlook2ContentsStill work to do to meet core and emerging supervisory expectations 1Responding to forces of innovation 4Fortifying governance and controls as part of core safety and soundness 8Data governanc

2、e and reporting Cyber and information technology(IT)risk Bank Secrecy Act(BSA)/anti-money laundering(AML)and sanctions Consumer protection and financial inclusion Expanding the scope of financial risk management 18Capital Liquidity Climate-related financial risk Looking forward to an active 2023 22E

3、ndnotes 23Contacts 262023 banking regulatory outlook1The banking system was subjected to significant forces in 2022,including inflation,rising interest rates,equity and bond market declines,plunging cryptocurrency prices,consequences(political,trade,economic)of the Russia-Ukraine conflict,lingering

4、effects of the COVID pandemic,andto at least some extentthe reemergence of consumers from pandemic isolation.Despite these challenges,banks overall have maintained adequate capital and liquidity levels signifying their underlying strength to withstand stress and suggesting that there is no bank cris

5、is at present or on the near horizon.1 As was true in 2021,no Federal Deposit Insurance Corporation(FDIC)insured depository institution failed in 2022.However,concerns about systemic risk and resolvability in the banking sector persist.In 2022,regulators resurrected the too-big-to-fail moniker with

6、a renewed focus on applying certain resolution requirements to those large banks that are not considered Global Systemically Important Banks(G-SIBs).Providing regulatory decision-makers with“more options”in the event of large bank failure was the catalyst behind the potential pushdown of G-SIB requi