Browsing: Third-party risk

Compliance/Risk

The OCC today released its bank supervision operating plan for fiscal year 2019, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.

Newsbytes

The Financial Accounting Standards Board has issued a draft proposal allowing companies to capitalize certain implementation costs relating to new systems that operate on cloud technology, an issue that was first raised to FASB by members of the American Bankers Association’s Accounting Administrative Committee.

Compliance/Risk

In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.