The Office of the Comptroller of the Currency provided guidance on how the OCC's supervisory approach and processes are applied to the asset management activities of national banks.
News & Insights
The Federal Reserve Board, the FDIC and the OCC extended previously issued no-action relief to asset managers and other institutions from regulations that limit extensions of credit to "insiders."
A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.
The Federal Reserve Board revised the interest rate paid on balances held by Federal Reserve Banks or eligible institutions.
The FRB, the FDIC and the OCC extended previously issued no-action relief to asset managers and other institutions from certain regulations that limit extensions of credit to "insiders."