Commercial banks reported total trading revenue of $6.9 billion in the second quarter of 2018, down 16.2 percent from the first quarter of 2018, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities today. That figure was up 3.5 percent year-on-year. The net current credit exposure decreased 0.1 percent to $361.7 billion, the report said.
ABA urges federal regulation of AI, level playing field for financial services
Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.









