Participants in the EU-U.S. Joint Financial Regulatory Forum highlighted cross-border interagency coordination on (i) financial stability, (ii) climate-related financial risks, (iii) banking and insurance regulation and supervision, (iv) capital markets, (v) operational resilience, (vi) digital finance and (vii) AML/CFT compliance.
News & Insights
At a meeting of the OCC, FDIC and President's Working Group on Financial Markets, the PWG stated its intent to address regulatory gaps with respect to stablecoins in the coming months.
In a joint statement, the FDIC, the Federal Reserve Board and the OCC highlighted key crypto-asset risks to banking organizations and outlined their approach to crypto-asset-related supervision.
The Senate Banking Committee and the House Financial Services Committee heard testimony on economic and regulatory developments from FRB Vice Chair for Supervision Michael S. Barr, FDIC Acting Chair Martin Gruenberg, Acting Comptroller Michael J. Hsu and NCUA Chair Todd M. Harper.
The Federal Reserve Board, FDIC and OCC offered a roadmap to clarify the regulation of activities involving crypto-assets.