The OCC, Federal Reserve Board, FDIC and National Credit Union Administration revised an interagency policy statement on allowances for credit losses. The revisions were in response to amendments the Financial Accounting Standards Board made to GAAP accounting standards on the topic in March, 2022.
News & Insights
Participants in the EU-U.S. Joint Financial Regulatory Forum highlighted cross-border interagency coordination on (i) financial stability, (ii) climate-related financial risks, (iii) banking and insurance regulation and supervision, (iv) capital markets, (v) operational resilience, (vi) digital finance and (vii) AML/CFT compliance.
A joint OCC, Federal Reserve Board and FDIC proposal to establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group was published in the Federal Register.
The OCC, Treasury, Federal Reserve Board and FDIC proposed a joint rulemaking to establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group.
The OCC, Federal Reserve Board, FDIC and National Credit Union Administration proposed (i) a policy statement on allowances for credit losses and (ii) guidance on credit risk review systems.