Washington Report 360 | January 10, 2020

Reform of the CRA; FINRA 2020 risk monitoring & examination priorities; LIBOR transition; Heightened concern for cyber threats

Key Highlights

  • The FRB encouraged public comment on an approach to reform of the CRA implementing regulations outlined in a speech; an interagency standard remains the goal.
  • FINRA released its 2020 risk monitoring and examination priorities.
  • Continued regulatory concern over LIBOR transition seen as banking regulators seek evidence of institutions’ preparation.
  • Heightened concern for cyber threats against financial institutions (NY DFS statement, Congressional letter).

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