Deficiencies were found at Anchorage Digital Bank, the US' first federally chartered bank authorised to provide institutional custody services for crypto.
April 30, 2022The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.
March 17, 2022A government-wide strategy for digital assets may be released in a White House executive order as early as next month.
January 25, 2022The Fed, OCC and FDIC plan to provide clarity on whether certain crypto-related activities conducted by banks are "legally permissible".
November 26, 2021US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.
November 3, 2021A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
October 22, 2021The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.
April 16, 2021APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
December 11, 2020ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.
December 1, 2020The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of "a pattern of misconduct", says the consent order.
November 29, 2020