8 azbankers.org Trust Administration | Estate Settlement | Other Fiduciary services 602.633.7999 | ziatrust.com | 11811 N. Tatum Blvd. Suite 2900, Phoenix AZ We work alongside your clients’ investment advisors retaining talent, and keeping up with the opportunities and risks associated with advancing technology. To those ends, in the last 12months, DIFI has reduced its permanent office space by 45%, incorporated remote work as a regular part of most DIFI employees’ schedules, raised salaries, and sought to invest in our technological capabilities. All the change notwithstanding, we nevertheless take pride in hearing that the efficient and responsive agency you have come to expect remains. As excited as I am about DIFI’s future, these adjustments to our agency hardly broach many of the larger regulatory topics affecting banking, and I do not expect 2022 to lack interesting developments in that regard. Cybersecurity Optimism for 2022 is particularly apparent in Arizona, where the state’s financial services sector is growing and thriving. continues to increase in importance for the safety and soundness of our banking system, and every commitment of time, effort, and money devoted to securing critical cyberinfrastructure is a resource well spent. The increasing development and use of digital assets also bear watching closely, much like fintech’s emergence several years ago. Though DIFI alone cannot provide all the answers needed to clarify issues like these, we are engaged on these topics and committed to providing certainty for our stakeholders as much as possible. Regardless of what comes and goes on the cutting edge of regulation and innovation, the core business of banking and its benefits to our community remains. I am grateful for the chance to be part of this community and look forward to DIFI’s continued work with you all to ensure Arizona’s banking system remains secure. w Evan Daniels, Director, Arizona Department of Insurance & Financial Institutions
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