Oct 18, 2023 | Economy News
FDIC Inspector General finds glaring gaps in its crypto oversight efforts The Federal Deposit Insurance Corporation (FDIC) is responsible for overseeing the safety and soundness of the nation’s banking system. However, a recent report by the FDIC Inspector...
Oct 18, 2023 | Economy News
FDIC Urged to Enhance Crypto Risk Assessment & Guidance The Federal Deposit Insurance Corporation (FDIC) has been urged by its inspector general to enhance its risk assessment measures and provide clearer guidance regarding cryptocurrencies. In a recent report,...
Oct 18, 2023 | Economy News
FDIC Urged to Improve Crypto Risk Policies and Procedures The Office of the Inspector General has recently made some recommendations to update the Federal Deposit Insurance Corporation’s (FDIC) approach to crypto activities by supervised institutions. In their...
Oct 18, 2023 | Economy News
Watchdog agency criticizes FDIC approach to crypto supervision The Federal Deposit Insurance Corporation (FDIC) has come under fire for its lack of clear guidance on the supervision of digital assets such as cryptocurrencies. In a recent report, the agency’s...
Oct 18, 2023 | Economy News
Miami Community Bank Acquisition Approved by FDIC Miami Community Bank and FDIC have officially confirmed the approval of the bank’s acquisition by an undisclosed institution. This consolidation comes after both banks experienced a slight decline in assets,...
Oct 17, 2023 | Economy News
FDIC Board of Directors Meeting: Open Session on October 24, 2023 | Sunshine Act Notice The Federal Deposit Insurance Corporation (FDIC) has announced an upcoming board of directors meeting in open session. The meeting is scheduled to take place on October 24, 2023,...
