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2 weeks ago | 
centralbanking.com | Janice Kirkel
In March 2025, when the Federal Deposit Insurance Corporation (FDIC) became the second US prudential agency to announce plans to withdraw reputational risk as an element of bank supervisory examinations, White House cryptocurrency czar David Sacks celebrated on social media. “Big win for crypto,” Sacks posted on X. “This vague and subjective criteria was used to justify the de-banking of lawful crypto businesses.”The Office of the Comptroller of the Currency (OCC) had already begun removing
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2 weeks ago | 
risk.net | Janice Kirkel
In March 2025, when the Federal Deposit Insurance Corporation (FDIC) became the second US prudential agency to announce plans to withdraw reputational risk as an element of bank supervisory examinations, White House cryptocurrency czar David Sacks celebrated on social media. "Big win for crypto," Sacks posted on X.
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2 weeks ago | 
centralbanking.com | Janice Kirkel
Tweet Facebook LinkedIn Save this article Send to Print this page The message could hardly have been clearer. Speaking to a room full of American bankers in April, US Treasury Secretary Scott Bessent insisted the US should not “outsource” financial regulation to global bodies. US president Donald Trump’s ‘America First’ philosophy is coming to the Basel Committee on Banking Supervision.
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2 weeks ago | 
risk.net | Janice Kirkel
The message could hardly have been clearer. Speaking to a room full of American bankers in April, US Treasury Secretary Scott Bessent insisted the US should not "outsource" financial regulation to global bodies. US president Donald Trump's 'America First' philosophy is coming to the Basel Committee on Banking Supervision.
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3 weeks ago | 
centralbanking.com | Janice Kirkel
Tweet Facebook LinkedIn Save this article Send to Print this page Former regulators are urging the US to continue active participation at the Basel Committee on Banking Supervision, arguing that membership has consistently served US interests. The stance comes as prominent voices in president Donald Trump’s second administration question the process of Basel rulemaking.
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3 weeks ago | 
risk.net | Janice Kirkel
Former regulators are urging the US to continue active participation at the Basel Committee on Banking Supervision, arguing that membership has consistently served US interests. The stance comes as prominent voices in president Donald Trump's second administration question the process of Basel rulemaking.
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1 month ago | 
pionline.com | Janice Kirkel
Breadcrumb Home DEFINED CONTRIBUTION May 12, 2025 09:41 AM Tweet Share Share Email More Reprints Print HUB Joe DeNoyior, president, HUB Retirement and Wealth Management Retirement plan advisers have a lot to talk about with clients these days — market volatility, the state of an economy beset by trade wars and the future of Social Security, among other issues.
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1 month ago | 
waterstechnology.com | Janice Kirkel
Acting Commodity Futures Trading Commission chair Caroline Pham has been using her time in the corner office to do some editing of the agency’s rulebook. The changes include repealing, withdrawing and consolidating no-action letters, guidance, staff advisories and relief issued since 2012. But lawyers and former regulators hesitate to call it a deregulatory push, saying that in a number of cases, rules made in the wake of the 2008 global financial crisis have simply become irrelevant. It became
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1 month ago | 
risk.net | Janice Kirkel
Acting Commodity Futures Trading Commission chair Caroline Pham has been using her time in the corner office to do some editing of the agency's rulebook. The changes include repealing, withdrawing and consolidating no-action letters, guidance, staff advisories and relief issued since 2012. But lawyers and former regulators hesitate to call it a deregulatory push, saying that in a number of cases, rules made in the wake of the 2008 global financial crisis have simply become irrelevant.
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1 month ago | 
centralbanking.com | Janice Kirkel
Tweet Facebook LinkedIn Save this article Send to Print this page Michelle Bowman, nominated to be the next vice-chair for supervision at the Federal Reserve, found herself playing defence before the US Senate Banking Committee as she refused to commit to testing the resilience of the nation’s largest lenders from an increase in tariffs.
