Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A fully revised “Corporate and Risk Governance” booklet of the Comptroller’s Handbook and an updated “Internal and External Audits” booklet, both of which apply to bank examinations, were issued Thursday by the Office of the Comptroller […]
Beverly Cole will become the Deputy Comptroller of the Northeastern District, and Beth Dugan and Mark Richardson will become Deputy Comptrollers for Large Bank Supervision to fill posts left open due to a recent retirement […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Banks with significant and far-reaching retail-oriented business activities should have well-documented fraud risk management programs with appropriate monitoring, measurements and reporting, and mitigation, the regulator of national banks advised in a bulletin Wednesday. The Office […]
Daniel Weiss, the former general counsel of Rabobank, N.A. (Roseville, Calif.), reportedly helped conceal a report on Bank Secrecy Act (BSA) deficiencies at the bank and has been barred from future service in any federally […]
Banks originating mortgage loans using asset dissipation underwriting (ADU) should develop and implement policies, processes, and control systems for the underwriting “in a manner consistent with safe and sound banking practices set forth in existing […]
Title: Regulatory Capital Rules: Treatment of Land Development Loans for the Definition of High Volatility Commercial Real Estate Exposure Subject: Capital, HVCRE Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the […]
Revisions to the framework for margin requirements for non-centrally cleared derivatives that have been adopted by international groups are the subject of a Wednesday webinar hosted by the federal banking agencies, they announced Monday. The […]
Title: Regulatory Capital Rule: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Final rule, effective date, early adoption […]
A cease-and-desist order, a prohibition and some $54,000 in money penalties and restitution against a former loan officer of First Southern National Bank (Lancaster, Ky.) are among the enforcement actions executed in June by the […]
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