Tag: Office of the Comptroller of the Currency

TD Bank has been slapped with a staggering $3bn penalty for breaches of the BSA marking a record-setting moment in U.S. financial regulatory history.

In the complex landscape of financial regulation, compliance managers play a pivotal role, often finding themselves at the forefront of critical challenges.

European digital bank bunq, which recently declared a net profit of $57m in 2023, has reportedly raised $31m in new funding.

Key Lending Technology investment stats up to Q3 2023 • Lending Technology deal activity is on track to reach 521 transactions in 2023, a 15%...

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.

Federal bank regulatory agencies have issued a joint statement to highlight key risks for banking organisations associated with crypto-assets and the crypto-asset sector.

The US’ Office of the Comptroller of the Currency (OCC) has revealed plans to establish an Office of Financial Technology early in the new year.

UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.

The US conflict with Iran has caused several American regulators to warn businesses that the risk of cyberattacks is on the rise.

The US’ Office of the Comptroller of the Currency (OCC) has named cybersecurity and technology management as a key emerging risk.