Tag: Office of the Comptroller of the Currency
Steering third-party risks in banking: Final guidance by regulatory agencies explained
Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies.
Federal bank regulatory agencies issue statement on crypto
Federal bank regulatory agencies have issued a joint statement to highlight key risks for banking organisations associated with crypto-assets and the crypto-asset sector.
The US’ OCC to open Office of Financial Technology
The US’ Office of the Comptroller of the Currency (OCC) has revealed plans to establish an Office of Financial Technology early in the new...
Revolut rumoured to soon apply for California banking licence
UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.
American regulators warn financial services to up their cybersecurity as risk...
The US conflict with Iran has caused several American regulators to warn businesses that the risk of cyberattacks is on the rise.
OCC names cybersecurity as key risk for federal banking system
The US’ Office of the Comptroller of the Currency (OCC) has named cybersecurity and technology management as a key emerging risk.
Three federal regulatory agencies update trading rules for derivatives
An important rule around how large banks measure counter-party credit risk for derivatives contracts has changed.
Varo Money granted preliminary approval for national bank charter
Mobile banking solution Varo Money has become the first FinTech to receive preliminary approval for a national bank charter from the OCC.
Wells Fargo ordered to implement compliance risk management program
The Office of the Comptroller of the Currency (OCC) has ordered Wells Fargo Bank to develop and implement an effective enterprise-wide compliance risk management program.
