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Several different regulatory bodies exist from the Federal Reserve Board which oversees the commercial banking sector to FINRA and the SEC which monitor brokers and stock exchanges. The Federal Reserve Board. Office of the Comptroller of the Currency. Federal Deposit Insurance Corporation. Office of Thrift Supervision.
The financial services industry is facing unprecedented challenges, including digital transformation, regulatory compliance, increased competition, and changing customer demands.
Regulatory bodies are established by governments or other organizations to oversee the functioning and fairness of financial markets and the firms that engage in financial activity.
U.S. Security and Exchange Commission (SEC) mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
There are numerous agencies assigned to regulate and oversee financial institutions and financial markets in the United States, including the Federal Reserve Board (FRB), the Federal Deposit Insurance Corp. (FDIC), and the Securities and Exchange Commission (SEC).
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Regulatory Focus on AI and Fintech: Banks using AI and fintech solutions must ensure these technologies comply with existing and upcoming regulations. This includes addressing algorithmic bias, maintaining transparency in AI-driven decisions, and ensuring the security and privacy of customer data.
The Office of the Comptroller of the Currency (OCC) is the biggest primary regulator in the country and is responsible for the greatest number of financial institutions.
Challenging economic conditions, the need for financial stability and operational resilience, changing consumer demands and behaviours, and environmental and social concerns are influencing regulatory agendas around the globe.

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