Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
A new “Allowance for Credit Losses” (ACL) booklet of the agency’s supervision and examination handbook announced Thursday will be used in supervising community banks that have adopted the “current expected credit losses” (CECL) accounting methodology, […]
Four long-time examiners at the regulator of national banks – who hold a combined nearly 141 years of service at the agency – have been designated “senior national bank examiners,” the highest honor the agency […]
Title: Request for Information and Comment: Extent to Which Model Risk Management Principles Support Compliance with Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control Requirements Subject: BSA/AML, OFAC compliance Agency: FDIC, Federal Reserve, […]
Feedback on how much the principles in the 2017 interagency “Supervisory Guidance on Model Risk Management” support compliance by banks and credit unions with Bank Secrecy Act/anti-money laundering (BSA/AML) and Office of Foreign Assets Control […]
A virtual public meeting of the national bank charterer’s Mutual Savings Association Advisory Committee (MSAAC) will be held April 27 to discuss topics of interest to the mutual savings association industry. The panel advises the […]
Interest rate risk (IRR) data gathered during examinations of midsize and community national banks and federal savings associations were published Thursday by their federal regulator. The Office of the Comptroller of the Currency (OCC) said […]
Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
Details on what is a tax equity finance (TEF) transaction and the regulatory requirements affecting banks engaged in one are outlined in a bulletin issued Thursday by the Office of the Comptroller of the Currency […]
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