Mitigation

ICBA advocated updates to bipartisan legislation that would create a cyber incident reporting regime to avoid excessive burdens on community banks.

ICBA told regulators it supports their efforts to consolidate guidance on third-party risk management while providing recommendations on the proposed interagency guidance.

The Financial Stability Board issued a progress report on its implementation of high-level recommendations on regulating “global stablecoin” arrangements.

The Justice Department has launched a team to target cryptocurrency platforms that support money laundering, a top DOJ official said

Central bankers and international securities regulators issued guidance on how financial market principles would apply to stablecoins.

The Biden administration’s upcoming report on digital assets will include recommendations on imposing bank-like regulation on crypto companies that issue stablecoins, The Wall Street Journal reported.