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Compliance

The US Senate has passed a bill extending the Paycheck Protection Program until August 8
Governor Lael Brainard says paying shareholders will deplete reserves at a time of severe uncertainty
Banking industry regulators have moved to temporarily reduce the amount banks will have to pay to fund the oversight agencies
The former Bank of Canada and Bank of England governor has called for strong government action on climate change
Has warned that combining environmental, social and governance (ESG) factors into a single rating or score can result in “imprecise” investment analysis
Large credit unions are going outside of their remit to buy up smaller banks without sufficient scrutiny, the association has argued
Three quarters of banking executives believe adoption of new technologies will differentiate between the industry’s winners and losers
KBRA warns that stable delinquency rates could rise in the months ahead as banks have focused on short-term relief
Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
COO Brian Brooks is to take over as acting Comptroller from June 1 as Otting completes his two-and-half year term
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