The Federal Reserve Bank and the Office of the Comptroller of the Currency fined a bank for failing to monitor firm and client trading activities.
News & Insights
In a new Bulletin, which replaced and rescinded previous guidance, the Office of the Comptroller of the Currency advised regulated banks to prepare for the reduction in the settlement cycle for regular way trades.
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.
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.