NEWS: US Fed scraps ‘novel activities’ program policing banks on crypto and fintech
By PAUL O’DONOGHUE, Senior Correspondent
THE U.S. Federal Reserve is scrapping a so-called “novel activities” supervision program it created to specifically police banks on their crypto and fintech activities.
Instead, the organization will integrate that work into its regular bank oversight.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!