Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
An interpretive letter aimed at clarifying the prior requirements for national banks and federal savings associations interested in engaging in certain cryptocurrency, distributed ledger, and stablecoin activities was released Tuesday by the Office of the […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
A final rule on requiring banks’ notification to federal regulators of certain cyber incidents with potentially systemic impacts was approved jointly Thursday by federal banking agencies. The rule is set to take effect April 1, […]
Guaranteeing a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community has access to safe and affordable financial services, are […]
There are no differences in accounting standards, and some technical differences among capital standards, among the federal banking agencies, the three regulators said in a report scheduled to be published Thursday in the Federal Register. […]
If earlier agency communications have been interpreted as “tacit encouragement” for banks to engage in crypto activities, the next round of releases will clarify that “safety and soundness is paramount,” Acting Comptroller of the Currency […]
A nomination confirmation hearing for Saule T. Omarova for a five-year term as comptroller of the currency – a somewhat controversial nominee – is set for Thursday by the Senate Banking Committee, according to a […]
Federal and state financial institution regulators on Wednesday said they were ending the flexible approach to supervision and enforcement they initiated in April 2020 regarding certain mortgage servicing timing requirements. The agencies – the Federal […]
Framework guidance for dealing with climate change risk management “supervisory expectations” will be released this year, the acting head of the regulator of national banks said Monday, following a “range of practices” review that will […]
Acting Comptroller of the Currency Michael Hsu on Wednesday discussed efforts under way to assess the future of financial regulation, with focus on how to “level up” the rights, obligations, and trust value of both […]
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