Recent responses by federal and state regulators and agencies address a broad array of regulatory requirements and reflect the issuance of guidance for new requirements under the CARES Act (notably the SBA’s PPP), increased flexibility for financial institutions to implement certain rules (such as in option to defer the regulatory impact of CECL or to accelerate the SA-CCR), a grace-period for filing select regulatory reports, and delayed implementation for new rulemakings. All of these changes will continue to force executional strain on operations and compliance. Please contact us if we can assist in any way.
© 2020 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.