ABA requests withdrawal of DOL guidance on cryptocurrency investments
In a letter to the Department of Labor this week, ABA and several financial and retirement trade groups requested that ...
Tag: Cryptocurrency
Hsu advocates for bank-like regulation for stablecoins
Acting Comptroller of the Currency Michael Hsu called for establishing an “intentional architecture” for stablecoins that would focus on “stability, ...
Yellen calls for ‘appropriate oversight’ for digital asset, crypto firms
In a letter to FDIC-insured banks, the agency requested that any institution considering engaging in crypto-related activities provide notification to ...
Compliance priorities on the horizon for 2022
New focuses and directions at the agencies are on the way, but a few themes have been clear and consistent.
Nichols: Inflation concerns shouldn’t overshadow nation’s debt outlook
The nation’s debt-to-GDP ratio should be a greater cause for concern for the nation’s policymakers than the current inflation situation, ...
OCC’s Hsu Warns of Increased Recession Risk
Acting Comptroller of the Currency Michael Hsu today told attendees at ABA Risk 2022 that Russia’s invasion of Ukraine could ...
Fintech, Climate Change Rank High on FSB’s 2022 To-Do List
The Financial Stability Board today outlined its work priority areas for 2022, including a timeline for the publication of a series ...
Treasury Official: Russian Invasion Prompts Need to Rethink ‘Culture of Compliance’
Speaking at an industry event today, Elizabeth Rosenberg, assistant secretary for terrorist financing and financial crimes at the Treasury Department, ...
OCC’s Hsu Says Crypto Education Urgently Needed
Acting Comptroller of the Currency Michael Hsu told the Financial Literacy and Education Commission that there is “an urgent need ...
Biden Signs Executive Order to Advance Digital Assets, Explore CBDC
President Biden today signed a long-awaited executive order directing government agencies to take “concrete steps” to advance the use of ...
