The proposal would establish stricter oversight of certain transactions and responds to concerns that large asset managers may be exerting influence on FDIC-supervised institutions.
On July 30, 2024, the Board of...more
8/9/2024
/ Acquisitions ,
Banking Sector ,
Banks ,
Change in Control ,
Consumer Financial Protection Bureau (CFPB) ,
Depository Institutions ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
NPRM ,
OCC ,
Proposed Amendments ,
Publicly-Traded Companies
With regulators keeping close watch, the results underscore the need for ongoing climate risk management investment and adaptation within the financial sector.
On May 9, 2024, the Board of Governors of the Federal...more
Banking agencies are alleged to have exceeded their congressional authorization, with potentially adverse consequences on banks and consumers.
On February 5, 2024, several banking trade groups[1] (the Plaintiffs) sued...more
The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in venture lending.
On November 1, 2023, the Office of the Comptroller of the Currency...more
11/29/2023
/ Banking Crisis ,
Banking Sector ,
Commercial Loans ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Lenders ,
New Guidance ,
OCC ,
Risk Management ,
State Charters
Guidance for the largest US financial institutions is intended to promote climate risk management consistent with general safety and soundness practices.
On October 30, 2023, the three US federal bank regulatory agencies...more
11/8/2023
/ Banking Sector ,
Biden Administration ,
Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
New Guidance ,
OCC ,
Policies and Procedures ,
Risk Assessment ,
Risk Management ,
Strategic Planning
A new program addresses innovative banking activities such as bank-fintech partnerships and digital assets while reinforcing guardrails around stablecoin activity.
On August 8, 2023, the Board of Governors of the Federal...more
8/16/2023
/ Banking Sector ,
Banks ,
Compliance ,
Digital Assets ,
Enforcement Programs ,
Federal Reserve ,
Financial Institutions ,
FinTech ,
FRB ,
Risk-Based Approaches ,
Stablecoins
After a lengthy “holistic” review and a spring banking crisis, US bank capital requirements finally face overhaul.
On July 10, 2023, US Federal Reserve Board (FRB) Vice Chair for Supervision Michael Barr delivered a...more
7/21/2023
/ Banking Crisis ,
Banking Sector ,
Basel III ,
Capital Requirements ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Global Systemically Important Banks (G-SIBs) ,
Proposed Amendments ,
Risk Assessment ,
Risk Mitigation ,
SIFMA ,
Stress Tests
Governor Bowman calls for transparent supervisory expectations and attention to the consequences of regulatory reform on the broader financial system.
On June 25, 2023, US Federal Reserve Board (FRB) Governor Michelle W....more
7/6/2023
/ Banking Crisis ,
Capital Requirements ,
Dodd-Frank ,
EGRRCPA ,
Emerging Technologies ,
Federal Reserve ,
Financial Regulatory Reform ,
Information Reports ,
Liquidity ,
Prudential Standards ,
Regulatory Reform
Congress will be “starting from scratch” in attempting to establish a regulatory framework for stablecoins — an issue that many believe is the top digital asset legislative priority.
On April 15, 2023, the US House...more
In contrast with the White House’s position, the Vice Chairman denied that loosened Dodd-Frank rules contributed to the recent bank failures.
On April 12, 2023, Federal Deposit Insurance Corporation (FDIC) Vice Chairman...more
4/20/2023
/ Banking Regulators ,
Banks ,
Biden Administration ,
Dodd-Frank ,
EGRRCPA ,
FDIC ,
Federal Reserve ,
Insolvency ,
Interest Rates ,
Online Banking ,
Securities ,
Silicon Valley ,
Social Networks ,
Stress Tests ,
Technology Sector ,
U.S. Treasury
The decisive action will mitigate emerging liquidity and solvency risks, contain pressure on the banking system, and protect depositors.
On March 12, 2023, the Board of Governors of the Federal Reserve System (Federal...more
Custodia Bank was denied Federal Reserve membership, while certain crypto principal activities are deemed presumptively not appropriate for member banks.
On January 27, 2023, the Board of Governors of the Federal Reserve...more
Banking organizations should ensure appropriate risk management, but regulators are skeptical of certain crypto activities as principal.
On January 3, 2023, the Board of Governors of the Federal Reserve System (Federal...more
1/12/2023
/ Banking Regulators ,
Banking Sector ,
Cryptoassets ,
Cryptocurrency ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Joint Statements ,
OCC ,
Risk Assessment ,
Risk Management
The guiding principles are similar to related proposals from other banking regulators, but will require further clarification through the comment process.
On December 2, 2022, the Board of Governors of the Federal...more
12/12/2022
/ Climate Change ,
Comment Period ,
Corporate Governance ,
Federal Reserve ,
Financial Institutions ,
Foreign Banks ,
Governance Standards ,
Large Financial Institutions (LFIs) ,
Proposed Regulation ,
Risk Management ,
Risk-Based Approaches ,
Strategic Planning ,
Supervision
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
In a long-awaited paper, the FRB continues its exploratory approach and emphasizes the need for congressional support.
On January 20, 2022, the Board of Governors of the Federal Reserve System (FRB) published its...more
The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability.
In its November 2020 Financial Stability Report (the Report), the Board of...more
12/1/2020
/ Banking Sector ,
Biden Administration ,
Board of Governors ,
CFTC ,
Climate Change ,
Federal Reserve ,
Financial Markets ,
Financial Stability Board ,
Information Reports ,
Paris Agreement ,
Risk Assessment ,
Risk Management ,
United Nations
Further economic measures provide support for small and mid-sized businesses, as well as state and local economies facing pandemic hardships.
The Federal Reserve, in its continuing efforts to safeguard financial markets,...more
4/22/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Credit Facilities ,
Federal Reserve ,
Financial Stimulus ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Municipal Liquidity Facility (MLF) ,
Paycheck Protection Program (PPP) ,
Primary Market Corporate Credit Facility (PMCCF) ,
Relief Measures ,
SBA Lending Programs ,
Secondary Market Corporate Credit Facility (SMCCF) ,
SPVs ,
Term Asset-Backed Securities Loan Facility (TALF)
Federal Reserve set to make up to $600 billion available to eligible small and mid-sized businesses.
On April 9, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced details regarding the...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
US lawmakers urge FSOC to designate cloud-based storage systems used by major banks as systemically important financial market utilities.
In an August 22, 2019, letter addressed to Treasury Secretary Steven Mnuchin, in his...more
9/5/2019
/ Amazon ,
Banking Sector ,
Cloud Storage ,
Dodd-Frank ,
European Central Bank ,
European Commission ,
Federal Reserve ,
Financial Institutions ,
Financial Markets ,
Financial Stability Board ,
FinTech ,
FSOC ,
Google ,
Legislative Agendas ,
Microsoft ,
Popular ,
Regulatory Oversight ,
Rule G-20
Two recent developments involving the Volcker Rule have significant implications for financial regulation in both the US and internationally.
Update 1: Temporary Relief for Certain Foreign Funds -
On July 21, 2017, the...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