Insights

Banking Regulators Send Strong Warning About Crypto Risks

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Federal banking agencies encourage banks to monitor crypto risks, stress importance of keeping crypto sector risks isolated from broader financial system. Regulators view open, public or decentralized networks as highly likely to be inconsistent…
Office of the Comptroller of the Currency

Regulators Warn on Interest Rate Risks, Banks Should Prepare for Scrutiny

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Rising interest rates are adversely affecting bank investment portfolios, leaving banks with a difficult set of choices. Regulators increasingly are expressing concern with the effect of interest rate risk. Banks must ensure their…

Senators Pressure OCC to Rescind Crypto Bank Guidance, Adding Regulatory Uncertainty

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Senators ask the Office of the Comptroller of the Currency (OCC) to rescind interpretive letters clarifying banks’ authority to engage in crypto-related activities. Despite efforts adding controls to crypto activities, senators still…

Banking Regulators Propose CRE Loan Policy Update, Signal Concerns for Upcoming Business Cycle

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Updated statement signals concern from agencies about the impact of slowing economy on CRE lenders and borrowers. Proposed statement affirms that lenders will not be criticized for implementing certain CRE loan workouts and accommodations. …

FDIC Issues Crypto Deposit Insurance Advisory: Implications for Banks and Crypto Companies

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FDIC fact sheet states that only deposits at insured banks and savings associations are insured in the event of an insured institution’s failure. Deposit insurance does not apply to financial products such as stocks, bonds, money market…

Question and Answer with Keith Noreika: Perspectives on Issues Facing Banks Now

In the following interview, Keith Noreika shares his thoughts on issues facing banks today as well as current events and regulatory developments shaping the near-term horizon. Mr. Noreika joined Patomak Global Partners in July 2022 as Executive…

Keith Noreika Joins Patomak Global Partners

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Patomak Global Partners today announced former acting Comptroller of the Currency and Simpson Thacher & Bartlett LLP Partner Keith Noreika joined the firm to head its Banking Supervision and Regulation Group. “We are thrilled to add…

Crypto Policy Consensus On Capitol Hill Elusive in 2022, But Regulator Action Looms

Even though there’s no policy consensus for cryptocurrency regulation as 2022 kicks off, the cryptocurrency community’s engagement with policymakers in 2021 had a positive effect in Washington.

RealVision: Interview with Paul Atkins

Patomak Global Partners' Chief Executive Paul Atkins sits down with RealVision for an exclusive interview to discuss what a statement from banking regulators that includes the phrase “legally permissible” could mean for banks and the crypto…

Morning Consult: A Welcome October Surprise: Bank Regulators Can Adopt Proactive Policies

Patomak CEO Paul Atkins writes a "welcome October surprise" would be bank regulators' adoption of a proposal that would update how banking organizations measure counterparty credit risk posed by options contracts.