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Regulation
03/14/2024

Recent Enforcement Actions Reveal Focus Areas for Boards

In an exclusive analysis of more than a dozen recent enforcement actions, Bank Director examines regulators’ expectations for bank boards and how they apply to technology initiatives or fintech partnerships.

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About the authors
Written by
Kiah Lau Haslett Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

Kiah Lau Haslett
Banking & Fintech Editor
Recent enforcement actions have shed light on regulators’ expectations when it comes to board oversight of technology initiatives and the risks they entail. Boards have an important responsibility when it comes to ensuring an effective and compliant risk management program, particularly around the bank’s technology tools and capabilities. To gain a deeper understanding of that role, Bank Director analyzed more than a dozen enforcement actions from the prudential regulators — the Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency — in 2023 and 2024. These actions include issues related to technology or compliance…

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WRITTEN BY

Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.