Notices and information from other, related federal agencies of interest (FinCEN, etc.)
Final guidance that “substantially transforms” federal financial regulators’ system for designating non-bank financial firms as entities subject to Federal Reserve supervision – including by instilling a cost-benefit analysis for assessing the designation – was approved […]
Examination procedures related to compliance with anti-money laundering (AML) laws by money transmitter businesses should be updated, and examiners should be provided with training, the congressional watchdog recommends (among other things) in a report issued […]
The federal panel that oversees states’ real estate appraiser certification programs is set to hold a special open meeting by conference call Dec. 12. The call by the Federal Financial Institutions Examination Council (FFIEC) Appraisal […]
A one-year waiver of appraiser credentialing requirements for federally related residential real estate transactions in North Dakota will terminate this Dec. 8 under a waiver condition based on federal banking agency rulemaking, according to a […]
Akshay Aiyer, a former currency trader, was convicted Wednesday in the U.S. District Court for the Southern District of New York for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies […]
Appearances before the Senate and House oversight committees will be on the agendas after the Thanksgiving holiday for federal financial institution regulators as both panels are planning hearings the first week of December. The Senate […]
Various effective date delays for accounting standards on current expected credit losses (CECL) were finalized Friday by the accounting industry’s standards-setting group, one of which pushes the date to January 2023 for smaller financial companies, […]
The Business Continuity Management booklet within federal financial institution regulators’ Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions’ preparedness to avoid disruptions in operations and to recover services. […]
Temporary, optional accounting guidance to ease the potential burden in accounting for or recognizing the effects of reform of reference rates for interbank short-term loans was released Wednesday by the accounting industry’s standards group. The […]
Stephen Ledbetter is the new executive director of the umbrella council of federal financial regulators that works to oversee financial stability, the group said Thursday. In a release describing its latest meeting (on Nov. 7), […]
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