Fed’s Barr: Regulation needed to fill ‘gaps’ in stablecoin law
A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer...
Compliance and Risk
Banking agencies withdraw climate risk principles
The Federal Reserve, FDIC and OCC announced they have withdrawn an interagency set of principles for climate risk management at...
Banking regulators address ‘pain points’ in suspicious activity reporting
Banking regulators reiterated that there is no supervisory or Bank Secrecy Act requirement that financial institutions conduct a review of...
FDIC’s Hill: Agency to expand nonbank participation in bidding on failed banks
The FDIC will allow private equity firms and other nonbanks to bid on failed banks to soften the blow to...
Stablecoins, crypto and quantum risk: Preparing the banking sector for what’s next
Banks that are best positioned will be those that learn the risks, strengthen security and support post-quantum standards.
Parker, Greenberg receive ABA Distinguished Service Award for Financial Crimes
The award recognizes individuals who have made significant contributions to the financial crimes profession and demonstrated leadership, integrity and service...
FinCEN severs Cambodian firm from U.S. financial system
FinCEN finalized a rule cutting off a Cambodian firm from the U.S. financial system, with the agency saying the firm...
ABA’s Treasury check verification tool allows banks to report counterfeit checks
The new reporting system will allow ABA to collect real-time information on counterfeit Treasury checks.
ABA experts: Remember compliance obligations when dealing with stablecoins
As banks explore stablecoins, they must keep in mind that Bank Secrecy Act and sanctions rules still apply, and that...
Nichols: Change is coming for compliance regulation
“Change is in the air” with respect to federal banking regulation, and that change has been overwhelmingly positive, ABA President...
