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Ballard Spahr LLP

OCC, FDIC eliminating ‘reputational risk’ from supervision, examinations

Ballard Spahr LLP on

The OCC has removed “reputational risk” from its handbooks and guidance and the FDIC is moving to do the same. ...more

Cadwalader, Wickersham & Taft LLP

Federal Reserve Says Permission Required for State Banks to Be Involved in Stablecoin Issuance

Cadwalader, Wickersham & Taft LLP on

The Federal Reserve issued a Supervision and Regulation letter earlier this week to all state member banks (“SMBs”) regarding their involvement in activities involving stablecoins, taking an even more reticent position than...more

Orrick, Herrington & Sutcliffe LLP

Fed says limits on banking activities will apply regardless of insurance status

Orrick, Herrington & Sutcliffe LLP on

On January 27, the Federal Reserve Board issued a policy statement providing guidelines on how the agency evaluates requests from supervised uninsured and insured banks seeking to engage in novel activities, such as those...more

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