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
The National Credit Union Association adopted amendments to regulations on indirect lending and leasing arrangements to members, "the purchase of loan participations and the purchase, sale, and pledge of eligible obligations and other loans."
The Basel Committee on Banking Supervision proposed amendments to its Core Principles for Effective Banking Supervision in response to recent global financial developments and emerging risks.
Expert witnesses called for independent investigations of the FRB and FDIC, greater accountability for regulators and supervisors, and "modernizing" deposit insurance, as the House Financial Services Subcommittee on Financial Institutions and Monetary Policy considers legislative proposals to address bank failures.
The OCC revised the "Branch Closings" booklet of the Comptroller's Licensing Manual.