The heads of federal agencies and departments can expect to see guidance from the Office of Management and Budget (OMB) in the near future on implementation of a new executive order that seeks to ensure […]
Actively reevaluating its supervisory approach to crypto-related activities is being pursued by the federal insurer of bank deposits, with an aim of providing a “pathway for institutions to engage in crypto- and blockchain-related activities” under […]
An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it […]
Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the […]
A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general […]
Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said […]
Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
The changing financial institution landscape due to generative artificial intelligence (GenAI) should be approached with “agility and flexibility” by regulators, the outgoing top supervisor at the Federal Reserve said Tuesday. Michael Barr, the Federal Reserve […]
Reflecting on what he called the “maturing” stablecoin market, a Federal Reserve Board governor reminded of the continued lack of a “clear and targeted” legal and regulatory framework that could keep U.S. issuers of stablecoins […]
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