The FDIC set a comment deadline of December 11, 2023 for proposed governance and risk management guidelines that would apply to all state insured depository institutions with assets of $10 billion. The comment deadline was published in the Federal Register.
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The Office of the Comptroller of the Currency named Monica Fuentes Freas as Deputy Comptroller for Large Bank Supervision.
The FDIC proposed governance and risk management guidelines that would apply to all insured state nonmember banks, state-licensed branches of foreign banks and insured state savings associations with assets of $10 billion.
Senate Banking Committee Chair Sherrod Brown (D-OH) pressed Treasury, the SEC and the CFTC to take further action to remedy disclosure deficiencies associated with digital asset tokens and digital asset platforms.
Federal Reserve Board Chair Jerome H. Powell swore in FRB Governor Philip N. Jefferson as Vice Chair, and FRB Governor Lisa D. Cook and Dr. Adriana D. Kugler as Board members.