The FDIC and FinCEN will open registration for interested individuals to participate in a "Tech Sprint Program" to focus on developing solutions "for financial institutions and regulators to help measure the effectiveness of digital identity proofing."
The National Credit Union Administration set a January 1, 2022 effective date for a final rule that would establish a simplified method of measuring capital adequacy for credit unions classified as complex.
In a letter to federally insured credit unions, the National Credit Union Administration announced that its Automated Cybersecurity Evaluation Toolbox application is available for download from the NCUA's ACET and Other Assessment Tools webpage.
Federal banking agencies provided information and guidance on the use of the two-quarter grace period under the optional community bank leverage ratio framework once temporary relief measures expire on December 31, 2021.
The National Credit Union Administration provided guidance clarifying permitted activities and obligations with respect to relationships between federally insured credit unions and the third-party providers of digital asset services.