- Report Highlights Emerging Risks In Banking System
By Godson Umejiego, Senior Correspondent, USA
The Federal Deposit Insurance Corporation (FDIC) has published its 2022 Risk Review, a comprehensive summary of emerging risks in the US banking system as observed in 2021. The 2022 Risk Review expands coverage of risks from prior reports by examining operational risk to banks from cyber threats and illicit activity, and climate-related financial risks faced by banking organizations. Monitoring these risks is among the FDIC’s top priorities.
The 2022 report provides a retrospective summary of conditions in the US economy, financial markets, and banking sector, and presents key credit and market risks to banks as of year-end 2021. The report focuses on the effects of these risks on community banks in particular, as the FDIC is the primary federal regulator for the majority of community banks in the US banking system.
The FDIC’s Risk Review is an annual publication based on year-end banking data. The FDIC intends to publish its next Risk Review in the spring of 2023.
