- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-03-31T16:49:00
The Office of the Comptroller of the Currency (OCC) established its Office of Financial Technology on Thursday to supervise the fintech industry as it grows at a “rapid pace,” the agency said.
The new office, announced in October, is a further expansion upon the OCC’s Office of Innovation and will heighten the agency’s focus on its “agility in providing high-quality supervision of bank-fintech partnerships,” according to a press release.
Additionally, the office will enhance the OCC’s expertise on matters regarding digital assets, fintech partnerships, and “other changing technologies and business models within and that affect OCC-supervised banks,” the agency said.
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2024-07-01T15:44:00Z By Aaron Nicodemus
During a panel at Compliance Week’s Financial Crimes and Regulatory Compliance Summit, held June 10-11 in New York, experts discussed nuances in bank-financial technology partnerships, offering best practices for how banks should protect themselves.
2023-06-20T20:20:00Z By Aaron Nicodemus
As financial institutions mull potential growth opportunities with digital asset and artificial intelligence tools, Acting Comptroller of the Currency Michael Hsu warned against leaving risk and compliance teams out of the loop.
2022-12-09T19:23:00Z By Aaron Nicodemus
The Securities and Exchange Commission and Office of the Comptroller of the Currency reminded public companies and financial institutions, respectively, of their responsibilities to properly manage risks related to the crypto asset market.
2025-04-02T18:50:00Z By Aaron Nicodemus
The Securities and Exchange Commission (SEC)’s pivot in favor of crypto took another step as the agency indicated it wants to resolve a long-standing lawsuit against the crypto exchange Gemini.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
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