FDIC: Board of Directors Propose to Establish Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal that would amend the agency’s Guidelines for Appeals of Material Supervisory Determinations. Through this proposal, the FDIC would replace the existing Supervision Appeals Review Committee (SARC) with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office)….
Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or crypto-asset safekeeping. The joint statement discusses existing risk-management principles that apply to crypto-asset safekeeping and reminds…
OCC: References to Disparate Impact Removed from OCC “Fair Lending” Booklet and No Longer Included in Examinations
The Office of the Comptroller of the Currency (OCC) has removed references to supervising banks1 for disparate impact liability from the “Fair Lending” booklet of the Comptroller’s Handbook and has commenced removing references in other issuances. Concurrently, the OCC has instructed its examiners that they should no longer examine for disparate impact. Note for Community Banks The OCC’s…
OCC: New Report Highlights Key Risks in Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Spring 2025. The OCC reported that the strength of the federal banking system remains sound. Consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have increased…
ABA: Nebraska Banker Receives ABA Distinguished Service Award for Risk and Compliance
Krysti Cunningham, chief risk officer for Security National Bank of Omaha is the recipient of the 2025 American Bankers Association’ Distinguished Service Award for Risk and Compliance, the association announced today. The award, which recognizes leadership, initiative and accomplishment in banking risk and compliance management, as well as volunteer service through ABA, was presented during ABA’s…
OCC: Agency Withdraws Principles for Climate-Related Financial Risk Management for Large Financial Institutions
The Office of the Comptroller of the Currency (OCC) today withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions. “The principles providing guidance to banks for climate-related financial risk are overly burdensome and duplicative. The OCC’s existing guidance for banks to maintain a sound risk management framework applies…