In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
The Federal Reserve Board, FDIC and OCC said they will continue to work towards aligning capital requirements for banks with the final set of "Basel III" standards.
The Federal Reserve Board outlined steps supervised banks should take to ensure their cryptocurrency-related activities are conducted in a safe and sound manner.
The Federal Reserve Board, the FDIC, FinCEN, the NCUA and the OCC reminded banks to apply a risk-based approach when assessing customer relationships and conducting customer due diligence on anti-money laundering risks.
The FDIC and the Federal Reserve Board extended the deadline to issue feedback to U.S. global systemically important banks on their 2021 resolution plans.