Despite the pandemic, financial institutions should not expect a delay in the Dec. 31, 2021, date when publication of the London Interbank Offered Rate can no longer be relied upon, Federal Reserve Bank of New York General Counsel Michael Held said at an investor conference today.
Browsing: Compliance and Risk
The federal banking agencies today finalized two rules intended to provide relief for financial institutions as a result of actions taken to aid in the coronavirus response.
Banks filed more than 64,000 Suspicious Activity Reports referencing COVID-19 and related stimulus programs—about 71% of all coronavirus-related SAR filings, Financial Crimes Enforcement Network Director Ken Blanco said today.
The Securities Exchange Commission today issued a proposal to enhance the operational transparency, system integrity and regulatory oversight for alternative trading systems that trade government securities as well as repurchase and reverse repurchase agreements on government securities.
The Basel Committee has updated its workplan for evaluating reforms made in the aftermath of the 2008 financial crisis.
The siloed and slow, often manual, processes of the past are giving way to new efficiencies of automation and cloud-based solutions.
The American Bankers Association today outlined possible features of a public-private partnership that could certify third-party technology providers.
Banks will win clients during and following the pandemic by providing in-person experiences that combine smart health protections, engaging personal interactions and useful technology enhancements.
The Federal Reserve today issued an advance notice of proposed rulemaking on updating the agency’s three-decade-old Community Reinvestment Act regulations.