Issues : Regulation

A Former Regulator Shares His Advice for Boards

Developing a positive relationship with regulators is important for any bank. How can banks foster this? There’s no one better to answer this question than a former regulator. Charles Yi served as general counsel of the Federal Deposit Insurance Corp. from 2015 to 2019, where he focused on policy initiatives and legislation, as well as the implementation of related rulemaking. He also served on the FDIC’s fintech steering committee. In this interview, Yi talks about today’s deregulatory environment and shares his advice for banks looking to improve this critical relationship. He also explains the importance of a strong compliance culture...