The Federal Housing Finance Agency today released additional guidance for guidelines published in 2021 on adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The new document elaborates on certain elements in the guidelines and provides clarifications related to asset classifications, loss-classified balance calculations and other accounting topics.
ABA: Same BSA regulations should apply to banks, digital assets
More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, including ensuring that the same anti-money laundering regulations apply to equivalent financial activities, ABA said.