On November 9, 2023, the Federal Reserve Board issued its November 2023 Supervision and Regulation Report. The report summarizes banking conditions and the Federal Reserve’s supervisory and regulatory activities, in conjunction with semiannual testimony before Congress by the Vice Chair for Supervision.

The Board’s Supervision and Regulation Report focuses on developments in three areas: banking system conditions, regulatory Developments, and supervisory developments.

There are not a lot of compliance or BSA-related topics in the report but it is beneficial to read this from a risk management’s perspective as this is what the Federal Reserve is looking at in financial institutions.

The FRB’s can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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