Treasury recommended best practices for financial institutions that have made "net-zero" financing and investment commitments.
A global manufacturing company based in Minnesota and a New York bank settled separate OFAC charges for violating the Iranian Transactions and Sanctions Regulations.
The House Financial Services Committee considered testimony from witnesses on the impact of, and interaction between, recent regulatory banking proposals to implement Basel standards and increase capital requirements.
The House Financial Services Committee heard testimony on a joint proposal from the Federal Reserve Board, FDIC and OCC that would increase bank capital requirements consistent with standards issued by the Basel Committee on Banking Supervision.
Several banking associations urged the Federal Reserve Board, the FDIC and the OCC to make public all data and analyses used to develop the recently proposed amendments on capital requirements for large banking organizations.