Banks worldwide are beginning to experience the benefits of implementing a global multibank strategy, including access to an integrated view of cash management across the entire global enterprise, powered by data and analytics, AI and cloud technologies.

...and other questions from ABA Regulatory Policy and Compliance Inbox

Federal banking regulators have announced the end of the mortgage servicing supervisory and enforcement flexibility issued in response to the COVID-19 pandemic.

In remarks at the OCC, Acting Comptroller Michael Hsu indicated that the agency plans to address climate change risk regulation with high-level framework guidance and five "range of practices" questions for large-bank boards by the end of 2021.

The White House recently announced details of an emergency temporary standard that will require all employers with 100 or more employees to be fully vaccinated or test weekly for COVID-19. Under the standard—which was developed by the Occupational Safety and Health Administration at the direction of President Biden—employees of covered firms will have until Jan. 4 to receive the vaccine or be required to produce a negative test on "at least a weekly basis."

ABA’s Paul Benda and Jonathan Thessin break down the newly-released emergency temporary standard issued by the Occupational Safety and Health Administration that requires employers with 100 or more employees to mandate vaccination or weekly testing for their employees.

Banks continued to be profitable and strongly capitalized as structural vulnerabilities persist in some types of money market funds, the Federal Reserve said in its latest financial stability report.

ABA led a broad coalition of financial trade groups in a letter to CFPB Director Rohit Chopra, requesting a 45-day extension for comments on the bureau’s Dodd-Frank Section 1071 proposal.

In response to the worldwide call by investors and regulators for disclosure of environmental, social and governance—as well as climate-specific—information, the Value Reporting Foundation and the Climate Disclosure Standards Board will be consolidated into the newly-formed International Sustainability Standards Board.

November 16
Webinar: Bank Trends in Safeguarding Seniors' Financial Lives

December 16
Webinar: Risk Management: Takeaways From 2021 and What to Watch for in 2022

2022
January 11 - 13
Virtual Conference: ABA/ABA Financial Crimes Enforcement Conference

January 30 - February 2
Conference: Insurance Risk Management Forum
Omni Amelia Island Resort, Fernandina Beach, FL

March 15 - 17
Conference: Risk Management Conference
Grand Hyatt Nashville, Nashville, TN