OCC to Focus on Ongoing Monitoring of Third-Parties; Contract Fulfillment Important


“Regulatory staff from the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency shared their observations and previewed forthcoming regulatory updates on third-party risk management during a meeting with American Bankers Association member bankers in Washington, D.C., this week,” according to the ABA Banking Journal. “The OCC said that its examiners…

ICO Outlines How it will Support Innovation


The ICO has released a document titled “ICO: Innovation and regulation” which outlines how their role as a regulator will work to promote innovation and not place undue burdens on businesses. This has been designed to complement government’s approach to develop a modern industrial strategy for Britain. The document makes reference to the “industry-led event,…