The rules would let banks share some sensitive information without prior OCC approval.
Banking
Proposed changes would be the first major tweaks to how credit is assessed under the law since 1995.
FOI shows authorizations fall sharply as Financial Services and Markets Bill targets faster determination times.
The ABA and IIF, among others, generally support the non-prescriptive approach.
The Commission’s latest communication could reshape compliance, signaling changes to capitalization, crossborder banking, and supervision.
The proposed reforms aim for simplicity and targeted resilience against modern risks.
Our regular roundup of the latest news and developments from the FCA.
We interview compliance headhunter Nick Litwinek in the first of a series designed to help compliance, risk, and legal practitioners to find, secure, and manage high-quality compliance talent across regulated industries.