In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
News & Insights
In an updated booklet for the Information Technology Examination Handbook, the Federal Financial Institutions Examination Council describes "enterprise-wide, process-oriented approaches" for the design of technology within a business structure, implementation of IT infrastructure and delivery of services for customers.
On April 2, 2019, the FDIC reported on the risks for financial institutions that contract with technology service providers.
In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
FDIC Chair Jelena McWilliams encouraged greater collaboration between community banks and FinTech firms.