Regulators

How Will the OCC's New Crypto Guidelines Impact National Banks?
Regulatory & Compliance How Will the OCC's New Crypto Guidelines Impact National Banks?

The recent issuance of Interpretive Letter 1183 by the Office of the Comptroller of the Currency (OCC) has introduced a pivotal change in the regulatory framework governing national banks and their engagement with cryptocurrency activities. This letter represents a significant shift in federal bank

How Can Banks Achieve Sustainable Compliance Under Regulatory Scrutiny?
Regulatory & Compliance How Can Banks Achieve Sustainable Compliance Under Regulatory Scrutiny?

With enforcement actions, consent orders, and written agreements reaching unprecedented levels, banks are increasingly in search of swift solutions to regain normalcy. Enforcement actions bear the potential to hinder a bank's growth, product launches, or acquisitions. For instance, one bank

BMO Financial Group Announces 2025 AGM and Sustainability Reports
Banking BMO Financial Group Announces 2025 AGM and Sustainability Reports

BMO Financial Group, a leading financial institution, has made significant announcements that underscore its commitment to both corporate governance and sustainability. The company has recently filed the 2025 Notice of Annual Meeting of Shareholders and Management Proxy Circular with the relevant

Will the Hope and Territorial Bancorp Merger Strengthen Regional Banks?
Regulatory & Compliance Will the Hope and Territorial Bancorp Merger Strengthen Regional Banks?

The recent announcement of a merger between Los Angeles-based Hope Bancorp and Honolulu-based Territorial Bancorp has raised questions about the potential impact on regional banks. With regulatory approval now secured, the merger aims to create the largest regional bank across both the continental

BNP Paribas Chosen by Medibank for Custody and Fund Administration
Banking BNP Paribas Chosen by Medibank for Custody and Fund Administration

BNP Paribas, a leading global custodian, has been appointed by Medibank Private Limited to provide custody and fund administration services. This strategic partnership underscores BNP Paribas’ expanding influence in Australia, particularly within the insurance sector. Medibank, an Australian health

Are Financial Institutions Ready for the Risks of Generative AI?
Capital, Risk & Assets Are Financial Institutions Ready for the Risks of Generative AI?

In a compelling revelation that has raised eyebrows across the financial sector, Michael Barr, the Federal Reserve's outgoing vice chair for supervision, highlighted the competitive pressures driving financial institutions toward the adoption of generative artificial intelligence (genAI).

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