Volatility prompts banks to hoard cash and implement financial hedges
Even smaller banks with only a few billion dollars in assets are using swaps and other derivatives to more proactively...
Compliance and Risk
Fed removes reputational risk from bank exams
The Fed has started the process of removing references to reputation and reputational risk from its supervisory materials, “and, where...
OCC to outline process for criminal referrals
The OCC will issue a report detailing which regulatory violations can be referred to the Department of Justice for criminal...
ABA, Financial Services Forum offer recommendations for Fed stress capital buffer reform
ABA joined the Financial Services Forum in proposing changes to the Federal Reserve’s stress capital buffer requirement for large banks.
Justice Department seizes millions of dollars linked to alleged crypto investment scams
The Department of Justice announced it has seized $225.3 million in funds linked to cryptocurrency investment scams. The action marks...
FinCEN releases figures on BSA filings
Financial institutions filed 4.7 million suspicious activity reports in fiscal year 2024. They filed 20.5 million currency transaction reports during...
Treasury official outlines principles for Bank Secrecy Act modernization
The Treasury Department is exploring ways to streamline the filing process for suspicious activity reports and currency transaction reports as...
FATF releases revisions to international standard for payment transparency
FAFT announced several revisions to its recommendation on payments transparency, which it said will enhance the safety and security of...
CFPB to delay small-business lending data collection compliance dates
The CFPB will issue an interim final rule today to push back by roughly a year the compliance dates for...
Will fraud prevention ever be autonomous?
Anti-fraud systems are learning to anticipate fraud rather than merely react to it. Better anticipatory abilities inch systems closer to...
