A National Credit Union Administration board proposal to establish a simplified method of measuring capital adequacy for complex credit unions was published in the Federal Register.
News & Insights
FINRA proposed a rule change to extend from August 31, 2021, to December 31, 2021, the expiration date for temporary amendments that (i) provide relief to FINRA staff from certain enforcement and procedural requirements and (ii) allow virtual hearings.
FINRA alerted members to a phishing campaign involving the use of fraudulent FINRA domain names.
FINRA reminded firms of their obligation to maintain a sufficient supervisory system for activities outsourced to third-party vendors. FINRA highlighted exam findings and examples of disciplinary actions arising from supervisory lapses.
The FDIC is seeking information from supervised institutions "regarding the FDIC’s supervisory approach to examinations during the pandemic, including on-site and off-site activities, use of technology, and communication methods."