Fed, OCC Issue Transition Period Guidance on Variation Margin
As the ABA Securities Association and other trade groups have urged, the Federal Reserve and the OCC today issued guidance...
Compliance and Risk
Rep. Tipton Reintroduces ABA, Alliance-Backed Tailored Regulation Bill
Rep. Scott Tipton (R-Colo.) and eight GOP co-sponsors yesterday reintroduced the House version of the TAILOR Act (H.R. 1116), which...
New York Finalizes Cybersecurity Rules
The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to...
FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts
Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities...
DOJ Releases ADA Website Accessibility Tools
The Department of Justice recently published an “ADA Best Practices Tool Kit,” which includes website accessibility guidance and a checklist...
ABA, Groups Seek Forbearance on Variation Margin Rule
With a March 1 compliance deadline looming for when swap dealers and major swap participants must exchange variation margin for...
Sen. Rounds Reintroduces ABA, Alliance-Backed Tailored Regulation Bill
Sen. Mike Rounds (R-S.D.) today reintroduced the Senate version of the TAILOR Act (S. 366), which would require financial regulators...
Toomey: Time to Rethink CCAR
In a letter yesterday to Federal Reserve Chair Janet Yellen, Sen. Pat Toomey (R-Pa.) called for the Fed to do...
BAFT Publishes Guidance for Sanctions Compliance
BAFT, ABA’s global transaction banking subsidiary, and The Clearing House have published a guidance paper to help banks comply with...
Avoiding the Website Accessibility Shakedown
Plaintiffs’ lawyers are targeting banks over website accessibility using an informal accessibility standard. Here’s what bank leaders need to know.
