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, 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.
Comments must be submitted by June 13, 2022 on proposed amendments to rules and procedures used for federal banking agency administrative hearings and adjudications.
The OCC, FDIC and Federal Reserve Board have each published guidance for banks and bank service providers to assist entities in meeting new regulatory obligations on information sharing for cybersecurity incidents impacting the U.S. banking system.