Browsing: Information sharing

Compliance

As the Federal Reserve works to update its procedures for responding to Freedom of Information Act requests and its treatment of confidential supervisory information, the American Bankers Association raised concerns that the proposed changes could “expand significantly the scope of information that would be treated as CSI and subject to restrictions on disclosure.”

Compliance

The financial regulatory agencies and the Financial Crimes Enforcement Network today issued a joint statement outlining how banks may enter into collaborative arrangements to share resources in order to more effectively manage their Bank Secrecy Act and anti-money laundering obligations.

Cybersecurity

To ensure that banks and regulators around the world can cooperate effectively on cybersecurity, the Basel, Switzerland-based Financial Stability Board today issued a proposed “cyber lexicon” to facilitate cross-border understanding and information sharing.

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