A bulletin describing the notice of proposed rulemaking on an updated framework for measuring derivative counterparty credit exposure by the three federal banking agencies was published Monday by the regulator of national banks. The Office […]
UBS Financial Services, Inc. (UBSFS) was assessed a $14.5 million civil money penalty (CMP) over “willful” Bank Secrecy Act/anti-money laundering (BSA/AML) violations under an order announced Monday by Treasury’s Financial Crimes Enforcement Network (FinCEN). The […]
An unofficial “staff version” of the recently amended portion of the federal law that established requirements for uniform real estate appraisals was published online Friday by the Federal Financial Institutions Examination Council (FFIEC) Appraisal Subcommittee […]
A former senior employee of the Federal Deposit Insurance Corp. (FDIC) was convicted by a federal jury in Brooklyn, N.Y., Dec. 11 for stealing agency files on banks’ living will (resolution) plans and now faces […]
Seven recommendations were made to address interconnection issues uncovered during an audit of information systems, according to the Federal Deposit Insurance Corp. (FDIC), including to modify the agency’s existing policies and procedures to meet standards […]
A spate of proposed and final rules, and a teleconference on community bank capital requirements – both against the background of the Federal Reserve’s rate-setting committee’s meeting – highlight the regulatory calendar for the week […]
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