ABA Requests Compliance Extension to Department of Labor Investment Advice Exemption
The American Bankers Association requested that the Department of Labor extend the Dec. 20, 2021, compliance date regarding an investment...
Compliance and Risk
Cryptocurrencies and Exchanges Will Face Increased Regulatory Focus
Whatever the specifics, we can be certain that every business that deals with virtual currencies will be affected as well.
Community Bankers Eye Historic Deposit Levels amid Pandemic, CSBS Survey Finds
With the nation still grappling with a global pandemic, bankers’ concerns have shifted, according the Conference of State Bank Supervisors’...
Podcast: Inside a Community Bank’s ESG Strategy
On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST...
Cloud Is on the Rise in Financial Services and Regulators Are Taking Note
As regulators grow increasingly familiar with the new efficiencies and culture of the cloud service provider industry, there should be...
Bankers Viewpoints Shift as Pandemic Continues, CSBS Annual Survey Highlights
In 2020, local business conditions were top of mind for community bankers. This year, the lingering effect of COVID-19 on...
Bowman: Transparency Around Supervisory Expectations Must Improve
Federal Reserve Governor Michelle Bowman said in a speech today that the as the Fed adapts its supervisory principles for...
Federal Government Issues Guidance for Federal Contractors Vaccine Mandate
The federal government’s Safer Federal Workforce Task Force issued guidance today that requires COVID-19 vaccination of all employees of federal...
Treasury Announces Steps to Counter Ransomware Threat
As part of its ongoing efforts to counter the growing threat of ransomware, the Treasury Department’s Office of Foreign Assets...
Basel Committee Urges Banks to Up Their Cyber Risk Preparedness
With cyber incidents continuing to pose a threat to the financial system, the Basel Committee on Banking Supervision called on...
