Financial Stability Board Chair Randal K. Quarles identified nonbank financial intermediation, money market funds and cross-border payments as the FSB's priority areas for 2021.
News & Insights
A bank settled OCC charges for violating the statutory holding period for "other real estate owned" and failing to implement corrective measures.
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.
The U.S. Treasury Department ("Treasury") final rule amending the Large Position Reporting rules ("LPR Rules") was published in the Federal Register. The technical amendments to the LPR Rules provide the Treasury with the flexibility to specify where and how large position reports in Treasury securities are to be filed. Under the LPR Rules, the Treasury may issue a public announcement (which is subsequently published in the Federal Register) requiring a person who controls a 10 percent or more interest in a particular Treasury security to file a large position report with the Treasury. Under
The Office of the Comptroller of the Currency revised guidance contained in the Comptroller's Handbook to be consistent with the Economic Growth, Regulatory Relief and Consumer Protection Act.