As the Federal Reserve ramps up its post-COVID-19 examination program, Fed Governor Michelle Bowman said in a speech today, examiners’ “initial focus will be to assess higher risk banks, particularly those with credit concentrations in higher risk or stressed industries.”
Browsing: Compliance and Risk
The Consumer Financial Protection Bureau is beginning its biennial review of the consumer credit card market, as mandated by the Credit CARD Act. The next report is due in 2021.
The FDIC late Friday proposed to establish a new Office of Supervisory Appeals that would replace the current Supervision Appeals Review Committee.
The federal financial regulatory agencies today issued a joint statement addressing how financial institutions should apply a risk-based approach to politically exposed persons consistent with FinCEN’s 2016 customer due diligence rule.
The American Bankers Association today expressed support for the Consumer Financial Protection Bureau’s proposed advisory opinion program, which would allow entities seeking to comply with existing regulations to request an advisory opinion from the bureau to address areas of uncertainty.
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp into a new revenue stream?
The Financial Crimes Enforcement Network today issued a statement describing its approach to Bank Secrecy Act enforcement and the factors it evaluates in determining the appropriate response to and enforcement of BSA violations.
The federal financial regulatory agencies today issued a joint statement addressing how they will address noncompliance with the Bank Secrecy Act/anti-money laundering requirements.
As risk management and bank compliance continue their evolution, banks need talent with a broader range of technology know-how.
While it is too early to assess the full effects, COVID-19 will permanently reshape commercial real estate in the U.S.