As 2021 comes to an end, Baker Tilly’s banking, tax and advisory professionals came together to discuss recent developments affecting the banking industry now and into 2022. Banking professionals encountered changes such as the passage of a new infrastructure bill and its related tax implications; a larger emergence of cryptocurrency; developments in environmental, social and governance (ESG) frameworks; U.S. Securities and Exchange Commission (SEC) updates and much more.
Our presenters included Baker Tilly’s banking, cryptocurrency and ESG specialists, as well as SEC regulations attorney, Chuck Ferry from Stevens & Lee.
- Discussed the current ESG landscape, expected impacts and regulatory predictions for 2022
- Reviewed cryptocurrency’s impact on banking and assess what banks did in 2021 in response to the changing environment
- Discussed next steps in the banking industry’s involvement with cryptocurrency
- Reviewed the financial service business and executive compensation implications of the Build Back Better Act
- Discussed trends and risks to consider in 2022 for cybersecurity and Enterprise Risk Management (ERM)
- Reviewed legal updates for Nasdaq’s board diversity rules, human capital management (HCM), non-Generally Accepted Accounting Principles (GAAP) measures, emerging risk disclosures and climate change disclosures from 2021 annual reports