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NYDFS Proposes Guidance on Climate Change Risk Management

USA - January 10 2023 The Guidance would increase expectations for regulated financial institutions to identify, measure, monitor, and control climate-related financial…

Deric M. Behar, Betty M. Huber, Arthur S. Long, Austin J. Pierce

New York Department of Financial Services Issues Crypto Guidance for Banks

USA - December 20 2022 On December 15, 2022, the New York State Department of Financial Services (NYDFS) issued final guidance to covered institutions engaging in (or…

Deric M. Behar, Arthur S. Long

Federal Reserve Proposes Climate Risk Guidance for Large Financial Institutions

USA - December 9 2022 The guiding principles are similar to related proposals from other banking regulators, but will require further clarification through the comment…

Deric M. Behar, Nicola Higgs, Betty M. Huber, Arthur S. Long, Anne Mainwaring

White House Issues Digital Asset Framework

OECD, USA - September 30 2022 On September 16, 2022, the White House published a Fact Sheet described as the first-ever “Comprehensive Framework for Responsible Development of…

Alan W Avery, Deric M. Behar, Adam Bruce Fovent, Arthur S. Long, Yvette D Valdez, Stephen P. Wink, Douglas K. Yatter

Federal Reserve Issues Cryptoasset Engagement “Rules of the Road” for Its Supervised Banking Organizations

USA - August 24 2022 The Federal Reserve is taking measured steps to better understand the types of cryptoasset-related activities contemplated by its supervised banking…

Alan W Avery, Deric M. Behar