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Latest News
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BIS Report says regulatory action on AI model explainability is imperative
But regulators may also need to find middle ground between AI performance and explainability in order to make continuing innovation and adoption by financial institutions possible.
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FDIC seeks a rollback of bank merger rule
The FDIC Board of Directors just approved a proposal to rescind the agency’s 2024 Statement of Policy on Bank Merger Transactions.
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SEC charges Richmond Federal Reserve supervisor with insider trading
The SEC said Thompson used material nonpublic information to trade in stock and options of at least two publicly-traded banks within his supervisory portfolio.
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Proposed bank capital requirements increases slashed in the US and UK
The US Federal Reserve and the UK’s PRA row back on last year’s forceful proposals for substantial capital reserve increases.
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Crypto-friendly bank must enhance investigatory standards in AML/OFAC arenas
The Fed ordered the bank to enhance its AML and OFAC compliance regimes, citing “significant deficiencies.”
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Charles Goodhart: ‘We’re in for a fiscal crisis down the road and we don’t know how to solve it’
The former Bank of England economist on inflation, labour shortages, and the right to challenge central bankers.
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Banking agencies issue final climate-related financial risk management principles
The FRB, OCC, and FDIC issue framework for banks with over $100 billion in consolidated assets.
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CFTC enforcement stance leads regulatory roundup
CFTC updates its enforcement guide, bank regulators update fair lending rules, 48-state settlement over computer error.