OCC: Operational, Strategic Risk Elevated; Banks Remain Resilient
In its Semiannual Risk Perspective Report, the OCC flagged operational and strategic risk as being elevated, with banks continuing to ...
Tag: Risk and Compliance
ABA, Trade Groups Reiterate Opposition to Tax Reporting Proposal
A broad coalition of 99 trade groups representing various industries—including the American Bankers Association—today wrote to President Biden urging him ...
Broad Coalition of Business Trade Groups Pan Tax Reporting Proposal
The American Bankers Association today joined a broad coalition of business trade groups in a letter to House and Senate ...
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 ...
CFPB Issues Statement on Disaster, Emergency Supervisory Practices
The Consumer Financial Protection Bureau today issued a statement outlining its supervisory practices with regard to major disasters or emergencies.
Banks’ Transition Away from Libor Just Became Easier
The variety of forward-looking term rates now available means that banks will have choices to offer when transitioning from Libor.
