Looking Ahead: Regulatory Changes That Could Require Policy Updates

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Is your organization prepared to update policies based on new regulatory requirements?

New regulations and updates to current regulations impact compliance policies for the financial services industry. Compliance professionals are always paying attention to any changes issued by regulators to make sure the company stays compliant.

Many proposals and final rules have been passed in 2023 that financial services organizations need to be aware of. BAI constantly monitors these new changes, summarizes them, and lets organizations know what they need to be prepared for these new changes. Some of the biggest changes that were recently announced include:

  • FDIC Proposes Deposit Insurance System
  • FDIC Proposes Special Assessment
  • Section 1071: Requirements and Effective Dates
  • Beneficial Ownership Information Reporting Requirements Final Rule

To learn more about these updates and others that could impact your organization, download our article Looking Ahead: Regulatory Changes That Could Require Policy Updates.