Fed Extends Intraday-Credit Relief Measures
Continuing its efforts to provide pandemic relief, the FRB today extended temporary actions taken earlier this year to increase the supply of intraday credit available from Federal Reserve Banks through March 31.
The New M&A Construct
Following our assessment yesterday of the Fed’s stress-test conclusions, we turn to a little-noticed aspect of the Board’s deliberations.
Democrats Demand Reversal of OCC Effort to Force Fossil-Fuel Finance
Sens. Schatz (D-HI), Whitehouse (D-RI), Feinstein (D-CA), Booker (D-NJ), and Merkley (D-OR) yesterday sent a letter to Acting Comptroller Brooks challenging his plans to investigate national banks with policies he believes discriminate against fossil-fuel related credit, a policy taken with particular reference to Arctic-development disputes.
COVID, New Charters Shift OCC’s Supervisory Focuses for 2021
Showing the extent to which the pandemic drives the regulatory agenda, today’s OCC FY21 bank supervision operating plan largely focuses on ensuring bank safety and soundness despite weakening economic conditions.