Banking
Deposit-taking and lending institutions, from community banks to global banks and credit unions.
Overview
Banks are subject to prudential supervision, deposit insurance, consumer protection, AML and an expanding set of operational resilience and third-party requirements.
Banking supervision covers capital and liquidity, governance and risk management, consumer protection, AML and sanctions, operational resilience and third-party risk, examined on a regular cycle.
It includes Retail banking and Mortgage lending. Authorities in this glossary active in it include Fed, OCC, FDIC, CFPB, NYDFS and State banking departments. It sits within financial services.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Regulators increasingly look at activities and outcomes in this space, so obligations follow the business model rather than the label.
Who it affects
Organisations operating in banking, and the vendors who serve them.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Hierarchy
- Part of
- Financial services
- Includes
- Retail bankingMortgage lending
Connections
The terms most closely tied to Banking. Select one to open it.
What to do about it
- 1List the activities you actually perform.
- 2Identify the authorities and licences those activities trigger.
- 3Scope your obligation library to the sector and its activities.
- 4Set up controls and evidence for the highest-risk obligations first.
From requirement to evidence.
Tag your organisation with this sector and Regulation Layer scopes the obligation library to it.
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