The Federal Reserve is taking measured steps to better understand the types of cryptoasset-related activities contemplated by its supervised banking organizations.
On August 16, 2022, the Board of Governors of the...more
8/25/2022
/ AML/CFT ,
Compliance ,
Consumer Protection Laws ,
Cryptoassets ,
Cryptocurrency ,
Cybersecurity ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Transactions ,
OCC ,
Risk Management ,
Supervision ,
Technology
The report addresses the market risks and regulatory challenges presented by stablecoins and urges Congress to act quickly.
On November 1, 2021, the President’s Working Group on Financial Markets (PWG) in conjunction...more
11/11/2021
/ Biden Administration ,
CFTC ,
Digital Assets ,
Digital Currency ,
FDIC ,
Financial Markets ,
Financial Services Industry ,
FSB ,
FSOC ,
Information Reports ,
IOSCO ,
OCC ,
Prudential Standards ,
Regulatory Agenda ,
Regulatory Oversight ,
Risk Factors ,
Securities and Exchange Commission (SEC) ,
Stablecoins
The US OCC allows banks, with certain restrictions, to hold assets in reserve for stablecoin issuers.
On September 21, 2020, the US Office of the Comptroller of the Currency (OCC) issued Interpretive Letter #1172 (the...more
A new Payments Charter could enable entities to engage in payments-related activities on a nationwide basis, rather than by state.
The US Office of the Comptroller of the Currency’s (OCC) newly appointed Acting...more
The OCC greenlights bank custody of cryptoassets, opening a significant door to mainstream adoption and innovation.
On July 22, 2020, the US Office of the Comptroller of the Currency (OCC) issued Interpretive Letter #1170...more
The three US federal banking agencies continue to take additional steps to promote the functioning of the financial system in the face of the pandemic.
The three US federal banking agencies - the Board of Governors of the...more
4/10/2020
/ Accounting Standards ,
Brokered Deposits ,
Community Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Counterparty Risk ,
Credit Facilities ,
CSBS ,
Current Expected Credit Losses (CECL) ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Leverage Ratio ,
NCUA ,
OCC ,
Volcker Rule
The three US federal banking agencies have taken additional steps to enable the financial system to continue functioning during the pandemic.
The three US federal banking agencies — the Board of Governors of the Federal...more
3/25/2020
/ Banking Sector ,
Capital Requirements ,
Commercial Paper ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Emergency Response ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Liquidity ,
Money Market Funds ,
OCC
The three US federal banking agencies have taken steps to enable the financial system to continue functioning during the pandemic.
During the course of this week, the three US federal banking agencies — the Board of...more
3/20/2020
/ Banking Sector ,
Commercial Paper ,
Community Reinvestment Act ,
Consumer Financial Products ,
Coronavirus/COVID-19 ,
Corporate Issuers ,
Credit Facilities ,
Depository Institutions ,
Emergency Management Plans ,
FDIC ,
Federal Reserve ,
Interest Rates ,
Liquidity ,
Money Market Funds ,
OCC ,
State of Emergency
While many fintech companies will welcome the regulatory approach, banks and state regulators have some concerns.
In a long-awaited move aimed at establishing some clarity around the regulatory framework for companies...more
If adopted, the Proposed Rule would have a significant impact on compensation practices at covered institutions.
On April 21, 2016, the National Credit Union Administration (the NCUA) issued a proposed rule regarding...more
5/5/2016
/ Board of Directors ,
Clawbacks ,
Comment Period ,
Compensation Committee ,
Corporate Executives ,
Disclosure Requirements ,
Dodd-Frank ,
FDIC ,
Federal Reserve ,
FHFA ,
Financial Crisis ,
Financial Institutions ,
Forfeiture ,
Incentive Compensation ,
NCUA ,
OCC ,
Proposed Regulation ,
Recordkeeping Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Vesting