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.
Browsing: Third-party risk
Five areas for financial institutions to consider when evaluating their IT security approach.
The OCC is focusing on credit risk, compliance risk and strategic risk as its top supervisory priorities at community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
Useful insights banks can and should leverage during the contracting process.
Responding to several questions flagged by ABA, the OCC today issued a set of frequently asked questions to help bankers implement the agency’s 2013 guidance on managing risk associated with third-party relationships.
The FDIC today announced that it is adopting the supervisory guidance on managing “model risk” that was previously issued by the Federal Reserve and the OCC in 2011.
With interest rates on the rise and new leadership in D.C., risk conditions on the ground are considerably different today from one year ago.
The Federal Reserve and the FDIC today published the answers to frequently asked questions about guidance issued last year on the resolution plans that the nation’s eight largest banks are required to submit detailing how they would be wound down in the event of bankruptcy. The FAQs address capital and liquidity requirements and forecasting, governance
Regulatory staff from the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency shared their observations and previewed forthcoming regulatory updates on third-party risk management during a meeting with ABA member bankers in Washington, D.C., this week.
Regulatory agencies are seeking targeted ways to relieve regulatory burden, according to senior officials speaking at ABA’s Government Relations Summit this morning.