The Office of the Comptroller of the Currency named Monica Fuentes Freas as Deputy Comptroller for Large Bank Supervision.
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In a new report, the Basel Committee on Banking Supervision assessed "the causes of the banking turmoil [that started in March 2023], the regulatory and supervisory responses, and the initial lessons learnt."
The Government Accountability Office identified critical technology skills gaps at financial regulatory agencies and recommended practices to ensure that staff can effectively oversee fintech activities.
Federal Reserve Board Vice Chair for Supervision Michael S. Barr described the recent "endgame" proposal to raise capital requirements for large banks as "the last major plank to address gaps in regulation dating from the Global Financial Crisis" and argued that "the benefits of the proposal would outweigh the costs."
The Congressional Research Service reviewed the details of the FY 2024 appropriations bill for Financial Services and General Government. The enactment of the bill is subject to a continuing resolution through November 17, 2023 and is "largely based on FY 2023 levels."