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OPINION: US bank supervisors downplay reputational risk – but it won’t go away
Maybe reputation has loomed too large in risk assessment but, says Julie DiMauro, it would be unwise to disregard it entirely.
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Global banking regulators stick to climate priorities despite US pushback
Some of the world’s major banking regulators have agreed to stick to efforts aimed at understanding the risk to financial services from climate change, and vice versa, despite pressure from the US to abandon the project.
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GRIP Extra: TikTok fined €530m, Kohl’s CEO dismissed
Other news includes the CFPB moving to scrap Biden-era medical debt credit reporting exemption, the EU reciprocally seizing billions of Russian funds, and the DOJ accusing CVS, Humana, Elevance of paying kickbacks.
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GRIP Extra: Morgan Stanley fires head of commodities, US investigates Chinese companies
Other news includes an EU fine against Meta and Google, massive ESG investment outflows, and the OCC and FDIC signaling crypto regulation overhauls.
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Regulatory roundup: Bank interchange fees, NCUA’s 1 board member, NO FAKES
This US reg roundup envisions a right of action for deepfake deception and an enforcement peek at regulators’ analysis of interchange fees.
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GRIP Extra: Healthcare data breach compromises millions, Trump threatens to fire Powell
Other news includes Truth Social asking SEC to investigate Qube over short position, US Supreme Court approves relaxed pleading standard for ERISA claim, China mulls letting Western firms operate as ETF market makers.
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House Financial Services asks agencies to rescind and modify rules
Flurry of letters seeks to remove ‘measures that stifle innovation.’
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Bank Biz: ‘Problem bank’ tracking gone, NGFS membership over, and a notable case settlement
Roundup of developments on the banking agencies space.