A bank holding company agreed to pay a fine of approximately $110 million to settle charges of failing to supervise foreign exchange traders' communications and activities.
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A national bank settled Federal Reserve Board and OCC charges for failure to correct deficiencies in risk management and internal controls, data quality management and compliance management.
Economists at the Federal Reserve Bank of New York considered the "$10 billion threshold" imposed by Dodd-Frank Act regulation, and its "implications for size-based bank regulation."
Federal Reserve Board Vice Chair for Supervision Randal Quarles described how the agency is addressing concerns raised about the LIBOR transition.
The Board of Governors of the Federal Reserve System extended until February 15, 2018, the comment deadline for two proposals related to changing the ratings system for large financial institutions.