Topic: Office of the Comptroller of the Currency

OCC’s Hsu calls for bank merger policy reform

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

Biden’s pick for Fed supervisor: how will industry react?

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

Better together? The future of US bank mergers

The bank merger framework in the United States is under the microscope for the first time in years, after President Biden announced an executive order that could have a lasting effect on how banks conduct business. But what would overhauling the merger framework actually look like?

19 April 2022

"Tech neutral" but "risk aware": Yellen outlines thoughts on crypto regulation

US Treasury Secretary Janet Yellen has called for “tech-neutral” regulation in the cryptocurrency space that acknowledges the associated risks, as the Federal Deposit Insurance Corporation calls on US banks to notify it when engaging in crypto-related activities.

11 April 2022

Climate risk measures are fragmenting across the globe, industry bodies warn

As climate consultations from the OCC and the BCBS drew to an end this week, industry bodies have warned their respective proposals could create a “fragmented” climate risk landscape and funnel too many regulatory resources towards uncertain and disparate climate requirements.

16 February 2022

OCC sees off challenge to “valid-when-made”

A US district court has rejected an attempt from three state attorneys-general to overturn the OCC’s valid-when-made rule.

11 February 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

Nonbank charter showdown averted

A court fight over the Office of the Comptroller of the Currency’s nonbank charter programme will have to wait, after the fintech at the heart of a challenge by the Conference of State Bank Supervisors amended its application.

19 January 2022

New OCC climate rules could prove “too prescriptive”, practitioners say

The OCC has laid out a draft framework for major banks to address climate risk, with practitioners saying there is concern it is “not tailored to the risks” faced by a particular bank.

20 December 2021

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