Tag: regulatory_burden
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OCC Proposes Tailored Third-Party Risk Management Guidance for Community Banks
The OCC proposed guidance tailoring third-party risk management to actual risk and issued a joint statement clarifying supervision of core service providers, part of its community bank burden-reduction push.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the Currencycommunity banksthird-party risk managementJonathan V. Gouldcore service providersbank supervisionregulatory burdenOffice of the Comptroller of the Currency (OCC)
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Agencies Reduce Regulatory Burden for Community Banks, Increase 18-Month Exam Cycle Eligibility
The Federal Reserve Board released a notice stating that agencies are reducing regulatory burden for community banks and increasing eligibility for the 18-month examination cycle.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Federal Reserve Boardcommunity banksregulatory burden18-month examination cyclebank regulationfinancial regulationBoard of GovernorsU.S. Federal Reserve
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SEC Proposes Rescission of Climate Disclosure Rules
The SEC proposes rescinding climate-related disclosure rules for companies, citing them as "overly burdensome and costly." This move would remove requirements for businesses to report specific climate information in their financial filings.
BusinessPolitics and GovernmentEconomyFederal GovernmentEnvironmentLegal SECClimate DisclosureRegulatory BurdenFinancial ReportingRescissionCorporate Governance