The ABA and IIF, among others, generally support the non-prescriptive approach.
ABA
They submitted responses to the US Treasury’s request for feedback on how emerging tech (like AI) could be implemented to best detect illicit digital asset activity.
Significant actions to rein in US banking regulation are underway, driven by the Trump administration with aims to spur lending and economic growth.
American banking and financial industry advocacy groups have petitioned the SEC to repeal its cybersecurity incident disclosure rules.
Citi wants its private bankers to contact clients at least once every 90 days, and Michael Barr sees no liquidity problems across the banking system.
US lawyers voted to adopt a revised rule as part of an effort to alleviate concerns about the use of lawyers to facilitate financial crime.
Banking and securities association groups say SEC should revise its current, proposed changes to Regulation S-P and Rule 10.
Bipartisan group concerned about creation of ‘unnecessary and costly’ barriers.