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Operational risks should be carefully managed as they can result in reputational damage, in regulatory consequences or in significant financial losses.
How recent and upcoming regulatory changes will impact US regional banks moving forward?
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On May 24, 2018, the biggest rollback of bank rules since the Financial Crisis was approved by Congress and signed by the President. This bill, called the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” (EGRRCPA), was largely supported by both parties.