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Climate Change Focus Of Tomorrow's FSOC Meeting; Top Biden Administration Policy - Finance and Banking


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Tomorrow, Treasury Secretary Janet Yellen will lead a meeting of the Financial Stability
Oversight Council (FSOC). The preliminary agenda for the open
session includes climate change and its potential impacts on
financial stability.
Appearing before Congress last week, Secretary Yellen stressed
the importance of FSOC and its unique role in coordinating
responses to issues like climate change. She specifically noted
that climate change is a top priority of the Biden
[a]dministration and FSOC can play a role in arranging
discussions among financial regulators all of whom have ....

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Fintech Week in Review - April 2021 #2 | Perkins Coie


Weekly Fintech Focus
FDIC discusses its fair lending activities in the most recent edition of its Consumer Compliance Supervisory Highlights.
US and EU engage in a joint regulatory forum to discuss international coordination on financial regulation and operational resiliency.
BCBS publishes its principles for operational resilience for banks, including a focus on third-party outsourcing relationships with financial technology companies.
Financial regulators seek comment on model risk management guidance.
CSBS seeks comment on a revamp of the nationwide licensing system.
FDIC Consumer Compliance Supervisory Highlights Fair Lending Risks
The Federal Deposit Insurance Corporation (FDIC) has issued the March 2021 edition of its Consumer Compliance Supervisory Highlights. The publication was established to highlight consumer compliance issues identified in 2020. This publication consists of a summary of supervisory observations related to consumer protection ....

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Brexit news: EU plots to punish London as Brussels spooked by Sunak's 'Big Bang 2.0' | Politics | News


| UPDATED: 14:06, Fri, Jan 22, 2021
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Top eurocrat Mairead McGuinness suggested the EU would restrict the City of London’s access to European firms to force through a post-Brexit exodus of workers and capital to the Continent. The financial services commissioner is responsible for bolstering euro-based markets while also limiting their reliance on Britain. As UK and EU officials draw up plans for future financial services cooperation, Ms McGuinness insisted there must be “change” in their relationship. ....

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