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Fed Withdrawal of Guidance Marks Milestone for Banks’ Future Crypto Activity

Summary: Situation Overview: The federal banking agencies have withdrawn previously issued guidance related to banks’ crypto activities, marking a shift in regulatory posture toward digital asset engagement. What: On April 25, the Federal Reserve Board announced the withdrawal of several guidance documents issued between 2022 and 2023 that outlined expectations for banks engaging in crypto-related […]

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FDIC and OCC Focus on Resolution and Recovery Capabilities Testing

Summary: The Federal Deposit Insurance Corporation (FDIC) has issued a final rule which substantively changes the scope and expectations for Insured Depository Institution (IDI) resolution plans (FDIC Final Resolution Rule). The Office of the Comptroller of the Currency (OCC) has published a notice of proposed rulemaking which includes substantive changes to the scope and expectations […]

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Stress Test Results Keep Risk Management Capabilities in Focus

Summary Situation Overview: The Federal Reserve Board (FRB) uses the stress tests as a key supervisory tool to explore risks across large banks. This year’s results quantified the impact to banks under multiple new scenarios, providing capital planning and risk professionals with an expanded range of outcomes for analysis relative to previous years. What: Firms […]