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Board of Governors Joint Statements

McGlinchey Stafford

Federal Banking Agencies Issue Joint Statement on Risks Associated with Crypto-Assets

McGlinchey Stafford on

On January 3, 2023, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively the Agencies)...more

Morrison & Foerster LLP

Heightened Scrutiny: Federal Banking Agencies Issue Joint Statement Highlighting Key Crypto Risks

On January 3, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the “Agencies”) issued a joint...more

Manatt, Phelps & Phillips, LLP

FFIEC Guidance Continues to Encourage Prudent Credit Accommodations

On August 3, 2020, the Federal Financial Institutions Examination Council1 (FFIEC) issued a new joint statement of principles for banks to consider while working with their loan customers as the end of COVID-19 initial loan...more

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