Since the COVID-19 pandemic, OSFI has announced a series of regulatory measures to support the financial and operational resilience of federal banks.   The prudential regulator has now published a suite of FAQs that addresses common questions on the recently announced measures.   OSFI notes that it will update the

In light of the COVID-19 pandemic, the National Credit Union Administration has published a Risk Alert, ‘Cybersecurity Considerations for Remote Work.’   Applicable to federally insured credit unions, the Risk Alert highlights cybersecurity best practices for credit unions that leverage employees’ personal networks and devices.   You can find the

The New York Fed has released updated frequently asked questions for its Commercial Paper Funding Facility (CPFF).   The regulator has also added a sign-up for the CPFF daily purchase rates webpage, which will go live when the facility launches tomorrow, April 14.   You can find the details here.

The Office of the Superintendent of Financial Institutions has announced further regulatory adjustments to support the financial and operational resilience of federal banks during the COVID-19 pandemic.    The measures focus primarily on capital adequacy requirements for these institutions as well as changes in their reporting requirements.    Key measures

The federal bank regulators have announced the issuance of two interim final rules to provide temporary relief to community banking organizations.    The rules will modify the community bank leverage ratio framework so that: beginning in the second quarter 2020 and until the end of the year, a banking organization