Mitigation

ICBA applauded the OCC for tailoring its proposed climate-related financial risk management principles to banks over $100 billion in assets, though the association expressed concerns that examiners could eventually apply the framework to community banks.

ICBA laid out its plan for the Financial Crimes Enforcement Network to modernize its outdated Bank Secrecy Act framework to alleviate compliance burdens while producing more useful information for law enforcement.

ICBA and the Cybersecurity and Infrastructure Security Agency are hosting a tabletop exercise on several dates starting tomorrow to support community bank cybersecurity.

Community bankers can schedule virtual visits this month and next with 2022 ICBA ThinkTECH Accelerator program participants.

The Senate Banking Committee scheduled a hearing for next week on the President’s Working Group on Financial Markets report on stablecoins.

Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the House Financial Services Committee.