A new program addresses innovative banking activities such as bank-fintech partnerships and digital assets while reinforcing guardrails around stablecoin activity. By Arthur S. Long, Parag Patel, Pia Naib, Ja Hyeon Park, and Deric Behar On August 8, 2023, the Board of Governors of the Federal Reserve System (FRB) issued guidance to the banking organizations that … Continue Reading
The guidance outlines principles and key considerations for banking organizations as they navigate risks associated with third parties, including fintechs. By Arthur S. Long, Parag Patel, Barrie VanBrackle, Pia Naib, Ja Hyeon Park, Victor Razon, and Deric Behar On June 6, 2023, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve … Continue Reading
Banking organizations should ensure appropriate risk management, but regulators are skeptical of certain crypto activities as principal. By Arthur S. Long, Pia Naib, and Deric Behar On January 3, 2023, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency … Continue Reading
