Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.
February 2, 2023The Fed Board considers that Custodia's business model and proposed focus on crypto-assets presented "significant safety and soundness risks".
January 31, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023"It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system," the statement says.
January 4, 2023Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.
December 13, 2022The prototype developed was able to connect two distinct asset networks to enable "secure, resilient, and efficient security settlement with CBDC."
December 2, 2022The agencies said the shortcoming raises questions about the bank's ability to produce accurate financial information during stress conditions and could undermine its resolution plan.
November 24, 2022The committee will help the FSOC gather information, conduct analysis, and make recommendations to address climate-related financial risks.
October 8, 2022The participating banks are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.
October 3, 2022HSBC welcomed the decision, saying its employees have worked hard over the last decade to transform the bank's financial crime risk management capabilities.
September 6, 2022