Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Following no comments received last fall, the three federal banking agencies are moving forward on their proposal to combine three separate, yet identical, stress test reports into a single new Federal Financial Institutions Examination Council […]
Credit risk and operational risk are the subjects of two workshops to be held in Minneapolis in late March for directors of national community banks and savings associations, presented by the Office of the Comptroller […]
A 60-day comment period will start as early as Wednesday on proposed swap margin requirements to conform with recent rule changes imposing new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, […]
Personal cease-and-desist orders against three persons at two banks, one in Nebraska the other in Oklahoma, were levied by the Office of the Comptroller of the Currency (OCC) in January, the regulator announced; three civil […]
Penalties of $275 million, and a forfeiture of $528 million, were imposed on one of the nation’s largest banking companies after federal banking and law enforcement agencies determined it was in violation of federal anti-money […]
One “outstanding” evaluation, 15 “satisfactory” ratings and no ratings of “needs improvement” or “substantial noncompliance” were noted in January listings for Community Reinvestment Act (CRA) performance evaluations released by the Office of the Comptroller of […]
The U.S. arm of a huge multi-national Dutch banking company was assessed a $50 million civil money penalty Wednesday by a federal banking regulator charging deficiencies in the U.S. bank’s anti-money laundering (AML) processes. The […]
Saying he has been impressed by the “leadership and emphasis on operational efficiency and excellence” by the acting director of the federal consumer bureau, the comptroller of the currency pledged Tuesday to work to reevaluate […]
Swap margin requirements would be amended to conform with recent rule changes that impose new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, five federal agencies – including the three federal […]
No material differences, as of Sept. 30, have been identified in the accounting standards of regulators applicable to financial institutions, according to the federal banking agencies in a report to congressional committees last week. The […]
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