Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The easement in oversight, combined with recent community bank failures, presents a timely opportunity for independent agents to provide expert risk management services and guidance to their clients in the banking sector. Independent agents can offer invaluable counsel to help protect banks from both the inherent and residual risks they face. (Photo: Shutterstock)

The financial crisis of 2008 shook the financial institutions sector. Confidence in the market and institutions plummeted. In the years that followed, the sector underwent an evolution, working to rebuild trust in the once failing system with new regulations.

New guardrails were implemented, and new government agencies were established through the Dodd-Frank Act. Some of Dodd-Frank’s key requirements have been loosened in recent years, now allowing small and midsize banks to escape some of the more rigorous rules. Capital requirements were reduced, liquidity rules were weakened, and supervisory oversight of community banks was relaxed with the signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act in 2018.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.