The Federal Reserve Board outlined steps supervised banks should take to ensure their cryptocurrency-related activities are conducted in a safe and sound manner.
In its semi-annual Supervision and Regulation Report, the Federal Reserve Board summarized current banking conditions and recent supervisory and regulatory activities.
At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.
In a joint letter to the Basel Committee on Banking Supervision, ISDA, the Institute of International Finance, and the Global Financial Markets Association, among others, requested reconsideration of the 2014 standardized approach for measuring counterparty credit risk exposures.
On January 18, 2022, the OCC conditionally approved Social Finance, Inc. applications to charter a full-service national bank.