A non-U.S. bank and its New York State branch settled separate charges with the Federal Reserve Board and the New York Department of Financial Services for unauthorized disclosure of confidential supervisory information and anti-money laundering and related violations.
News & Insights
Federal Reserve Board Vice Chair for Supervision Michael S. Barr argued that good cyber defense is "not sufficient" to address cyberattacks; he emphasized that banks must focus on operational resilience and improved risk management to confront the threat.
In remarks before the U.S. Treasury Market Conference, Federal Reserve Board Vice Chair for Supervision Michael S. Barr identified and responded to challenges facing the Treasury market.
A New York bank settled charges with the Federal Reserve Board and New York Department of Financial Services for supervisory and Bank Secrecy Act compliance deficiencies in connection with the bank’s issuance of prepaid card accounts
The Federal Reserve Board reported to Congress on cybersecurity risk management practices at financial institutions and efforts to address emerging risk.