ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.
Basel Committee issues voluntary climate disclosure framework
Reflecting significant pushback from both ABA and U.S. banking agencies, the Basel Committee last week issued a framework for voluntary disclosure of climate-related financial risks for large international banks.