The OCC adopted rule changes to current recovery planning guidelines. The amendments (i) lower the "covered bank threshold," (ii) include a testing requirement and (iii) require the consideration of non-financial risk.
News & Insights
In March the UK Financial Conduct Authority (FCA) published its business plan for 2024/25. When discussing market oversight, in keeping with its recent drive to become more data-driven, the regulator stated that it intends to carry out increased market monitoring of fixed income and commodities markets and is increasing its ability to detect and pursue cross-asset class market abuse.
The US District Court for the Western District of Missouri ruled that two state regulations imposing certain disclosure and consent requirements on financial professionals were preempted by federal law and violated the First Amendment.
Many people associate the phrase “insider trading” with company executives buying or selling the company’s stock before news hits the market.
CFPB Director Rohit Chopra proposed reforms to tighten oversight of asset managers' influence on banks, and urged the FDIC to take a more active role in overseeing changes in control for supervised banks