WORD OF THE DAY® – Clean-Up Call
March 6, 2025- U.S. Committee on Banking, Housing and Urban Affairs Chair Tim Scott (R-S.C.) led legislation that would eliminate the ability for federal regulators to use reputational risk as a component of supervision....more
September 20, 2023- Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg addressed The Exchequer Club in Washington, DC on the financial stability risks of nonbank financial institutions....more
July 26, 2023- The Department of Justice, Department of Commerce's Bureau of Industry and Security (BIS), and the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a joint compliance note focusing...more
June 21, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a nomination hearing on the following nominations: •The Honorable Philip Nathan Jefferson, of North Carolina, to be Vice Chairman of the...more
July 29, 2022- The Federal Deposit Insurance Corporation published a fact sheet entitled, "What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies." The FDIC also issued a Financial Institution...more
Major Developments- Federal Reserve Board- Federal Reserve Board releases results of annual bank stress test- June 23, 2022- The Federal Reserve Board released the results of its annual bank stress test....more
Congress- U.S. Senate- Committee on Banking, Housing, and Urban Affairs- Hearing: Considering the Index Fund Voting Process-...more
SEC/CORPORATE - SEC To Hold Forum on Small Business Capital Formation in November - On October 21, the Securities and Exchange Commission announced that it will hold its annual Government - Business Forum on Small...more
In This Issue: - Meeting of the SEC Advisory Committee on Small and Emerging Companies - FINRA Requests Comment on a Proposed Rule to Require Delivery of an Educational Communication to Customers of a Transferring...more