Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Legacy swaps entered into before the applicable compliance date will not become subject to swap margin requirements if they are amended solely to comply with the requirements of qualified financial contracts (QFCs) of systemically important […]
A former bank officer and employee who committed numerous lending violations that cost his bank more than $400,000 will pay a $1,000 civil money penalty (CMP) and may no longer engage in the affairs of […]
Banking regulators are proposing capital rule changes that would revise the definition of “high volatility commercial real estate (HVCRE) exposure” to conform with provisions that went into effect with the May 24 enactment of the […]
Enforceable guidelines for recovery planning standards would apply only to banks having $250 billion or more in total consolidated assets – reducing the estimated number of covered institutions from 25 to eight – under a […]
Guidance on how banks should structure their stress testing activities to fit their risk management needs is slated for renewal without addressing this year’s regulatory relief law due to timing, the Office of the Comptroller […]
The impact of Hurricane Florence Friday prompted federal and state bank and credit union regulators to issue a joint statement urging financial institutions they supervise in the affected areas to “meet the financial services needs […]
Federal banking and credit union regulators have developed hurricane information and resource pages on their websites for both the institutions they supervise, and the customers and members of those institutions – just as the first […]
The Office of the Comptroller of the Currency (OCC) will host a Credit Risk workshop Nov. 6 and and Operational Risk workshop Nov. 7 in San Francisco, the agency said in a news release Thursday. […]
The federal regulator of banks and savings associations has revised its supervisory booklet regarding deposit-related credit, such as check credit, overdraft protection, and deposit advance products. The Office of the Comptroller of the Currency (OCC), […]
The Senate Banking Committee Wednesday rescheduled to Oct. 2 its hearing on the implementation by federal financial institution regulators of the new regulatory relief law enacted this spring. The hearing had been set for Thursday, […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info