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Spring Semi-Annual Risk Perspective
In its Spring 2023 Semiannual Risk Perspective, the OCC highlights liquidity, credit risk, operational risk of cyber threats, and compliance risks with changing products, services, and delivery channel offerings. In a related statement, Comptroller Hsu stated that the OCC expects banks to be on the balls of their feet with regards to risk management, just like OCC examiners are.
News From WA State DFI
The Washington DFI reminds money transmitters and currency exchangers that the annual assessments are due by July 3. The annual assessment must be submitted online, all necessary documents uploaded into the NMLS, attestation to the accuracy of the report, and electronic payment must be made by the end of the day on July 3.
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