Tag: Office of the Comptroller of the Currency
Bunq’s latest $31m capital raise to fuel U.S. and U.K. market...
European digital bank bunq, which recently declared a net profit of $57m in 2023, has reportedly raised $31m in new funding.
Lending Technology sees major drop in deal activity YoY but remains...
Key Lending Technology investment stats up to Q3 2023
• Lending Technology deal activity is on track to reach 521 transactions in 2023, a 15%...
Steering third-party risks in banking: Final guidance by regulatory agencies explained
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 issue statement on crypto
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’ OCC to open Office of Financial Technology
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.
Revolut rumoured to soon apply for California banking licence
UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.
American regulators warn financial services to up their cybersecurity as risk...
The US conflict with Iran has caused several American regulators to warn businesses that the risk of cyberattacks is on the rise.
OCC names cybersecurity as key risk for federal banking system
The US’ Office of the Comptroller of the Currency (OCC) has named cybersecurity and technology management as a key emerging risk.
Three federal regulatory agencies update trading rules for derivatives
An important rule around how large banks measure counter-party credit risk for derivatives contracts has changed.
OCC’s innovation pilot gets little love from banks
The US' Office of the Comptroller of the Currency has received 19 comment letters expressing distaste for its innovation hub.