Newly sworn-in Federal Reserve Board Vice-Chair for Supervision Michelle W. Bowman laid out her “pragmatic” agenda to improve bank supervision and regulation.
The full update can be found here on our US Regulatory Intelligence platform.
Sebastian Souchet
Members of Congress urge Fed, OCC to rethink leverage rules
By Sebastian Souchet on
A bipartisan group of House Financial Services Committee members pressed the Federal Reserve and OCC to move forward with long-promised reforms to bank leverage ratios that are constraining liquidity in the US Treasury market.
The full update can be found here on our US Regulatory Intelligence platform.
Bank Regulators Withdraw Guidance on Digital Assets
By Sebastian Souchet on
The Federal Reserve Board withdrew previously issued guidance for banks on crypto-asset and dollar token activities.
The full update can be found here on our US Regulatory Intelligence platform.
Fed Proposes to Amend Stress Capital Buffer Requirement
By Sebastian Souchet on
The Federal Reserve Board (“Fed”) proposed “[to] amend the calculation of the Board’s stress capital buffer requirement.”
The full update can be found here on our US Regulatory Intelligence platform.
OCC Withdraws from Interagency Guidance on Climate Risk
By Sebastian Souchet on
The Office of the Comptroller of the Currency will no longer follow interagency guidance on climate-related risk management for large financial institutions.
The full update can be found here on our US Regulatory Intelligence platform.
New briefing note – FinCEN issues new AML rule impacting registered investment advisers and exempt reporting advisers
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering terrorism financing (AML/CFT) program requirements on registered investment advisers and exempt reporting advisers (collectively, Covered IAs) by, among other things, including Covered IAs within the definition of “financial…