CIGFO Report Focuses on Challenges Facing Financial Regulators

The Council of Inspectors General on Financial Oversight (CIGFO) released its second annual report on the top management and performance challenges facing Financial-Sector Regulatory Organizations in 2019.

 CIGFO members include the Inspectors General of the Department of the Treasury, the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission, the Department of Housing and Urban Development, the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection, the Federal Housing Finance Agency, the National Credit Union Administration, the Securities and Exchange Commission, and the Special Inspector General for the Troubled Asset Relief Program. 

The CIGFO’s report focused on seven areas:

  • Enhancing Oversight of Financial Institution Cybersecurity
  • Managing and Securing Information Technology at Regulatory Organizations
  • Sharing Threat Information
  • Ensuring Readiness for Crises
  • Strengthening Agency Governance
  • Managing Human Capital
  • Improving Contract and Grant Management

Click here to read the full report.