Magazine

Banks Forced to Rethink Risk Compliance Strategy as Regulators Take a Step Back

As regulators move away from highly prescriptive supervision, banks are being forced to take greater ownership of risk management priorities. Featuring insights from Darrin Benhart of KeyBank, the article explores how institutions are adapting governance structures, reassessing accountability, and balancing flexibility with responsibility. Regulatory focus is shifting back toward core financial risks while reducing emphasis on process-heavy oversight. The piece examines how banks must now navigate a fragmented and rapidly evolving supervisory environment while maintaining strong controls, regulatory relationships, and strategic adaptability.