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Joined 11 days ago
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Cake day: March 4th, 2025

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  • Lost me at “climate change religion”.

    Look here, GOP. Deregulation does not have a great track record, and is as challenging to implement as the regulations you’re trying to skirt!

    Potential risks and challenges

    • Increased Risk of Misconduct: Reduced regulatory oversight may create additional opportunities for financial misconduct, requiring enhanced internal controls.
    • Compliance Complexity: Deregulation often leads to a more complex regulatory environment as institutions navigate evolving federal frameworks alongside increasingly divergent state obligations.
    • Product Innovation Risks: Periods of regulatory transition may encourage the development of products or services with limited regulatory guidance, potentially increasing future compliance exposure.
    • Uneven Oversight: Changes to regulatory structures, particularly regarding non-bank financial services providers, may create competitive imbalances and necessitate enhanced oversight of institutional partnerships.
    • Reputational Risk: Compliance failures in any regulatory environment can significantly damage an institution’s reputation and erode customer trust.

    https://www.wolterskluwer.com/en/expert-insights/no-rest-for-the-wary-deregulation-is-regulatory-change-too