On or before December 31 of each year, the Commissioner shall submit to the Governor and, as provided under § 2–1257 of the State Government Article, the General Assembly an annual report that includes, at a minimum, the following information concerning the most recently completed fiscal year ending June 30: Operations of the office of the Commissioner; Amendments proposed by the Commissioner regarding the laws the Commissioner administers; Failures of licensed persons and State–chartered financial institutions; A summary of the composite ratings of banking institutions and State–chartered credit unions; and A breakdown by license category of the number of penalties assessed and instances of consumer recovery.