FEDERAL GOVERNMENT RELATIONS
Banking agencies release FAQ on capital treatment of tokenized securities
Financial institutions should treat an eligible tokenized security in the same manner as the non-tokenized form of the security under the capital rule, according to a new FAQ released by the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency.
Bankers urge House lawmakers to take steps to combat fraud, scams
Warning that banks cannot fight scams alone, bankers told House lawmakers that federal agencies need to better coordinate their efforts to mitigate the problem and that social media providers and other technology providers also need to do their part.
Trump formally nominates Warsh to be Fed chair
President Trump formally submitted to the Senate the nomination of Kevin Warsh to be the next chair of the Federal Reserve. Trump first announced Warsh as his nominee in January.
OCC finalizes revised licensing requirements, eliminates fair housing data system
The Office of the Comptroller of the Currency finalized a rule to revise licensing requirements for community banks and eliminated a system used to monitor national bank compliance with fair housing laws, both as part of a broader effort to reduce the regulatory burden on smaller institutions.
Regulators set sights on liquidity coverage ratio reform
Saying that bank liquidity is “the next big-ticket item” for regulatory reform, top officials at the Treasury Department and Federal Reserve outlined their case for revisiting the liquidity coverage ratio to recognize discount window borrowing capacity.
OCC finalizes revised chartering rules for national trust institutions
The Office of the Comptroller of the Currency has finalized a rule that amends its chartering regulations to clarify that national banks with trust powers are not limited to performing fiduciary activities.