Trump Administration Going Light on Bank Exams
Scale back is focused on ESG, diversity, environment, and social issues
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- Written by Banking Exchange staff
Lenders are gaining some momentum as the United States regulators are pulling back on bank exams and disciplinary actions.
The core of the scale back is focused on ESG, diversity, and other indirect banking issues that are focused on the environment and social issues.
Disciplinary notices given to banks by the government have slowed in recent months.
In contrast, European banks continue down the same path of policies focused on climate change and other social issues, as do their major asset owners, such as pension funds.
The European and United States approaches to banking continue to differ when it comes to issues beyond traditional banking.
Tagged under Compliance; Duties; Diversity; Diversity, equity and inclusion; DEI; Climate Crisis; ESG; Feature; Feature3;