Many of your sessions and speakers overlap with the Fed’s work in supervision and much of what I’m focused on, including innovation and how best to use technology like AI and fintech to level the playing field for banks. Attracting and retaining talent, along with succession planning, are absolutely critical for long-term sustainability.
One other matter is the recently issued Community Reinvestment Act (CRA) proposed rule that would significantly change supervisory implementation and qualifying activities. I strongly encourage you to review this proposal and comment so that banks subject to the CRA understand the changes and will be able to continue to effectively serve their customers and communities.