On May 20, 2022, the FDIC published its 2022 Risk Review which is a comprehensive summary of emerging risks in the U.S. banking system as observed in 2021. Compared to previous years' Risk Reviews, the 2022 Risk Review examines operational risk to banks, such as cyber threats and illicit activity, as well as climate-related financial risks to banks. Monitoring these risks is among the FDIC's top priorities.

The 2022 report presents a snapshot of the U.S. economy, financial markets, and banking sector as of the end of 2021, including key credit and market risks for banks. In particular, the report focuses on the effects of these risks on community banks.

The FDIC’s announcement can be found here.

The FDIC’s 2022 Risk Review can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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