Observations
May 30, 2025Last week, the US Conference of State Bank Supervisors (CSBS) announced the launch of its Catalyst Initiative, a new effort aimed at improving the effectiveness and efficiency of supervision through the development of modern supervisory technology (SupTech).
Compendium
Jun 11, 2024The DFS developed guidance for assessing the character and fitness of directors, senior officers, and managers to enhance corporate governance and oversight standards. This initiative follows the banking crisis of March 2023, emphasizing that institutions must thoroughly vet their leadership. Key qualities for bank leaders include integrity, respect, and commitment to fiduciary duties, which can be evaluated through comprehensive vetting processes and adherence to risk management frameworks.
