Basel Committee Issues Consultation Document on Cryptocurrency
As banks increasingly explore or embark on activities related to cryptocurrencies, the Basel Committee on Banking Supervision today released a...
Policy
Trade Groups Caution Lawmakers on Enhanced Reporting Requirements for Banks
Ahead of a House Ways and Means subcommittee hearing today on shrinking the tax gap, ABA and 10 other financial...
Podcast: The Fintech Policy Lightning Round
On the latest episode of the ABA Banking Journal Podcast, Rob Morgan and Matthew Daigler join to provide quick-fire updates...
ABA Opposes Resolution to Invalidate OCC’s ‘True Lender’ Rule
The American Bankers Association and a coalition of financial trade groups wrote in opposition today to a Senate resolution that...
CFTC Subcommittee Recommends Transition Dates for Interdealer Swap Market Trading Conventions
With certain tenors of Libor set to sunset at the end of 2021, the Commodity Futures Trading Commission’s Interest Rate...
Freddie Announces New Cap for Purchase of Certain Single-Family Homes
Freddie Mac today announced plans to cap its purchase of single-family mortgages secured by investment properties and second homes to...
Quarles: COVID-19 Proved Forward-Looking Capital Framework ‘Works Effectively’
Given the strong performance of banks throughout the COVID-19 pandemic and resulting economic downturn, regulators should not need to employ...
ABA Urges MSRB to Consider Compliance Cost of Expanded Best Interest Rule
The American Bankers Association urged the Municipal Securities Rulemaking Board on Wednesday to consider the compliance costs of its draft...
ABA Flags Several Priority Issues in Need of IRS Guidance
The American Bankers Association last week submitted recommendations to the Internal Revenue Service on tax issues that are in need...
FSB Issues Roadmap, Additional Resources for Libor Transition
As banks prepare for the cessation of Libor—certain tenors of which are set to begin phasing out at the end...
