March has been a very active month in the financial services industry. In addition to new regulations becoming active, there have been several bank failures which is affecting how banks are looking at their policies and procedures.
BAI has put together an FAQ document helping explain what is going on and what banks can do to make sure they don’t run into the issues that caused the other banks to fail. Read BAI’s “FAQs – The Current Regulatory Environment and the Bank Term Funding Program – (March 2023*)” to learn more.