The Federal Reserve Board, the FDIC, the OCC, the National Credit Union Administration and state financial regulators provided guidance to examiners for assessing the "safety and soundness" of a financial institution during the COVID-19 pandemic.

Federal Reserve Board Vice Chair for Supervision Randal K. Quarles and OCC Comptroller Joseph M. Otting described supervisory and regulatory actions to support "consumers, households and businesses" and ongoing efforts to strengthen the banking system.

A CFTC final rule to exempt certain transactions with the European Stability Mechanism from uncleared swap margin requirements was published in the Federal Register.

The Federal Financial Institutions Examination Council updated its "Bank Secrecy Act/Anti-Money Laundering Examination Manual."

The Consumer Financial Protection Bureau and the Federal Housing Finance Agency introduced a new program to enable the agencies "to share servicing information to protect borrowers during the coronavirus national emergency."

The CFTC adopted a final rule to exempt certain transactions with the European Stability Mechanism from uncleared margin requirements.

The Federal Reserve Board offered adjustments to its supervisory approach during the COVID-19 outbreak.

Federal Reserve Board Vice Chair Randal K. Quarles offered recommendations to strengthen bank supervision and communication.

In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.

The banking agencies adjusted the asset-size thresholds used to define small and intermediate small banks and savings associations under the Community Reinvestment Act.

The FDIC and the Federal Reserve Board extended their request for feedback on the use and effectiveness of ratings assigned under the Uniform Financial Institutions Rating System.

The Committee on Payments and Market Infrastructures and IOSCO reported that there is increasing coordination among global financial authorities in overseeing financial market infrastructures.

The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.

New York State Department of Financial Services Superintendent Linda A. Lacewell proposed regulation designed to streamline the disclosure processes of confidential supervisory information to legal counsel and independent auditors.

The FDIC and Federal Reserve Board notice and request for feedback on the use and effectiveness of ratings assigned under the Uniform Financial Institutions Rating System was published in the Federal Register.

A CFTC proposal to extend the implementation date of initial margin requirements for 2020 and 2021 was published in the Federal Register.

A CFTC proposal amending uncleared swap margin regulations to exempt certain transactions from the European Stability Mechanism was published in the Federal Register.

The FDIC and Federal Reserve Board asked for feedback on the use and effectiveness of the Uniform Financial Institutions Rating System.

The CFTC voted to propose amending its uncleared swap margin regulations to (i) extend the implementation date of initial margin requirements, and (ii) exempt certain transactions from uncleared margin requirements.

In its annual Bank Supervision Operating Plan, the Office of the Comptroller of the Currency listed several key areas of focus for FY 2020.

Federal Reserve Board Vice Chair Randal K. Quarles reviewed the contributions of the Financial Stability Board and raised issues that continue to affect the global financial system.

The House approved a bill designed to make bank service company examinations more efficient by improving coordination among regulators.

The FDIC added a new section to the "Risk Management Manual of Examination Policies" titled "Risk-Focused, Forward-Looking Safety and Soundness Supervision."

Bank regulators and FinCEN clarified their risk-focused approach for assessing bank compliance under Bank Secrecy Act and anti-money laundering regulations.

The FDIC created a new division that will be responsible for supervising and monitoring banks with total assets greater than $100 billion, as well as complex financial institutions.