The OCC authorized national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices located in areas affected by severe weather along the U.S. Gulf Coast. The OCC proclamation also referred to previously issued supervisory guidance on emergency conditions.
Recent News & Legal Updates
- Proposals For An Improved European Banking Union Framework – Part II
- Malaysia: Financial Institutions Do Not Owe A Duty Of Care To Non-Customers
- UK: Bank Of England Launches First System-wide Exploratory Scenario Exercise
- Bahamas: Joint Statement From Bahamas Financial Services Board, Association Of International Banks And Trust Companies, Ministry Of Finance, Office Of The Attorney General
- EU: What Will The New Basel III Regulation Mean For The EU Banking World?
- Nigeria: Steps To Establishing A Digital Bank In Nigeria
- Canadians’ Awareness Of Open Banking Is Low – But Does It Matter?
- Asia: Victory In Islamic Banking Dispute Amounting To RM38 Million