Category: Bank Operations, Responsible Innovation

Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps

Federal bank regulatory agencies today issued a statement summarizing their interagency “policy sprints” focused on crypto-assets and providing a roadmap of future work related to crypto-assets.

Federal bank regulatory agencies today issued a statement summarizing their interagency "policy sprints" focused on crypto-assets and providing a roadmap of future work related to crypto-assets.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-ia-2021-120.html

Statement by the Acting Comptroller of the Currency on the Report on Stablecoins

Acting Comptroller of the Currency Michael J. Hsu issued the following statement on release of the Report on Stablecoins by the President’s Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller…

Acting Comptroller of the Currency Michael J. Hsu issued the following statement on release of the Report on Stablecoins by the President's Working Group on Financial Markets, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2021/nr-occ-2021-112.html

New Brokered Deposits Rule Promotes Bank-Fintech Partnerships

Acting Comptroller of the Currency Brian P. Brooks today issued the following statement with his vote to support the Federal Deposit Insurance Corporation’s (FDIC) new brokered deposits rule.

Acting Comptroller of the Currency Brian P. Brooks today issued the following statement with his vote to support the Federal Deposit Insurance Corporation's (FDIC) new brokered deposits rule.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-170.html