Partners Christopher Paridon and Kristin Lee spoke to Global Banking Regulation Review for a three-part article series looking at the 2023 banking regulatory landscape—the third installment focusing on regional regulation issues.
For the United States, Christopher opined that a “potential dark horse candidate that has the potential to disrupt the status quo is revisions to longstanding, key regulations, specifically from the Federal Reserve.” He noted that the Federal Reserve is, in some cases, required by statute to review its various regulations, including those that are part of the underpinning of a lot of the US regulatory framework.
Kristin said staff at the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have put finalizing the Community Reinvestment Act as a top priority.
“I believe it’s a broadly held view that it could be one of the first sets of regulations out of the gate for 2023,” Kristin said.
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