News Release 2021-116 | November 8, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed climate change risk at OCC Headquarters. His remarks highlighted five questions that large bank boards of directors should ask to promote and accelerate improvements in climate risk management practices at their banks. Related Links Media Contact […]
Category Archives: U.S. Treasury
Treasury Continues to Counter Ransomware as Part of Whole-of-Government Effort; Sanctions Ransomware Operators and Virtual Currency Exchange
FinCEN Updates Ransomware Advisory OFAC Sanctions Two Ransomware Operators and a Virtual Currency Exchange Network for the Kaseya Incident and Laundering Cyber Ransoms WASHINGTON — Continuing the Administration’s whole-of-government effort to counter ransomware, the U.S. Department of the Treasury today announced a set of actions focused on disrupting criminal ransomware actors and virtual currency exchanges […]
Inter-Agency Working Group on Treasury Market Surveillance Releases Staff Progress Report that Reviews Potential Policies for Bolstering the Resilience of Treasury Markets
WASHINGTON– The Inter-Agency Working Group on Treasury Market Surveillance (IAWG)—which is comprised of staff from the U.S. Department of Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission—today issued a staff progress report that […]
Statement by Secretary of the Treasury Janet L. Yellen on the Bipartisan Infrastructure Bill
WASHINGTON —Secretary of the Treasury Janet L. Yellen released the following statement on the final passage of the bipartisan infrastructure bill. “The strength of a country’s economy depends on the strength of its infrastructure, and with today’s vote, we have ensured that the American economy will remain strong for decades to come. A once-in-a-generation […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at LINKS Conference Presented by Chainalysis
As prepared for delivery Hi everyone, and first let me thank Michael [Gronager], Jonathan [Levin], and Chainalysis for the invitation today. It’s a pleasure to be with you. Innovation has always been critical to the growth of the American economy. The industrial revolution transformed the United States from agrarian country into the most productive engine […]
Statement by Secretary of the Treasury Janet L. Yellen on the Deficit Impacts of the Build Back Better Legislation
WASHINGTON – Secretary of the Treasury Janet L. Yellen released a statement today on the deficit reduction achieved by the Build Back Better legislation. “The Build Back Better legislation presents a historic opportunity to make investments that will cut costs for families, create good jobs, and increase economic growth for the long term. The investments […]
Acting Comptroller Discusses Regulatory Perimeter
News Release 2021-115 | November 3, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed clarifying and modernizing the bank regulatory perimeter at the American Fintech Council’s Fintech Policy Summit 2021. Related Links Media Contact Stephanie Collins(202) 649-6870 Related posts: OCC Reports Slight Improvement in Mortgage Performance Federal Banking Agencies Announce […]
Acting Comptroller of the Currency Issues Statement in Support of the NGFS Glasgow Declaration
News Release 2021-114 | November 3, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Network for Greening the Financial System (NGFS) Glasgow Declaration. The harmful impacts from climate change are real, recognize no geographic boundaries, and cannot be ignored. Since the OCC joined […]
Remarks by Secretary of the Treasury Janet L. Yellen at COP26 in Glasgow, Scotland: “Delivering Finance for Emerging Markets and Developing Economies
As prepared for delivery: Thank you all for the chance to speak today. I know some of you and have met many new colleagues since I have arrived. Because the reality is, it is not common for Finance Ministers to attend a COP. In fact, I am the first U.S. Treasury Secretary to do so. […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee November 2, 2021
The Committee convened in a closed session via teleconference at 9:00 a.m. All members were present. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred Pietrangeli, and Deputy Director of the Office of Debt Management Nick […]