On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issued formal statements of policy on reviewing transactions under the Bank Merger Act (BMA). The...more
The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Federal Housing Finance Agency (FHFA) and the National Credit Union Administration (NCUA) recently re-proposed rules...more
5/21/2024
/ Banking Sector ,
Covered Person ,
Executive Compensation ,
FDIC ,
FHFA ,
Financial Institutions ,
Financial Regulatory Reform ,
Incentive Compensation ,
NCUA ,
Proposed Rules ,
Recordkeeping Requirements ,
Risk Management ,
Section 956
Takeaways -
The Bank for International Settlements and seven central banks are studying how to launch CBDCs and have flagged key issues that will need to be addressed, including interoperability and confidentiality.
In...more