As technology has advanced, supervision has become more complex. Examiners need to know about a whole host of new products, how technology is impacting those products, and how cyber threats are challenging their institutions.
Being chairman of CSBS is no easy job. For the year ahead, into the role of chairman steps Bret Afdahl, director of the division of banking in South Dakota. We recently talked onsite at the CSBS annual meeting in San Antonio.
We explore ways states work together to handle the behemoth task of supervising America’s diverse financial system, how those same regulators try to engage with the regulated in a balanced, fair way and how those changes can lead to something bigger.