Biden Officials Reportedly Discuss Gaps In Cryptocurrency Rules In Response To Wild Price Swings forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Bank Groups Object to Proposed Breach Notification Regulation
DougOlenick) • April 15, 2021
The Office of the Comptroller of the Currency and two other agencies issued the proposed notification rule.
The American Bankers Association and three other groups have voiced objections to provisions in a cyber incident notification regulation for banks proposed by three federal agencies. For example, they say that the definition of a reportable computer security incident is too broad and would result in the reporting of insignificant events.
The proposed regulation would require banks to provide their primary federal regulator with prompt notification of any computer security incident that materially disrupts, degrades or impairs certain important business operations.
April 13, 2021 | A New Piece of the Puzzle
Ted Butler No one has followed the silver market trading mechanics for as long or as closely as Ted Butler.
Suddenly, out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. This new fact is contained in the latest release of the Treasury Department’s Office of the Comptroller of the Currency (OCC) Quarterly Derivatives Report for U.S. banks. The report covers derivatives contracts in the over the counter (OTC) market as opposed to exchange-traded options and COMEX gold and silver futures. The OCC quarterly report is delayed by 3 months, so the new report released on March 23, covers positions held as of Dec 31, 2020. (Scroll down to Table 9 near the bottom of each report).
Financial institutions are pushing back against a proposed rule change that would force them to work with the firearms industry, citing concerns over the legality of the measure.