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.
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The OCC, the FDIC and the Federal Reserve Board finalized guidance for senior management of large banks on managing exposures to climate-related financial risks.
The Office of the Comptroller of the Currency named Monica Fuentes Freas as Deputy Comptroller for Large Bank Supervision.
Acting Comptroller Michael J. Hsu urged the development of a regulatory framework intended to discourage large banks from becoming "too-big-to-manage."
The OCC revised and updated the "Fair Lending" booklet for the Comptroller's Handbook.