The Federal Financial Forum

From: Wall Street Journal

Regulator is considering dividing banks into categories based on risk factors, including international activity and off-balance-sheet exposures

By Ryan Tracy

WASHINGTON—The Federal Reserve is set to propose a new way of deciding which large banks get hit with its toughest regulations, according to people familiar with the matter.

The expected plan may lower regulatory costs for regional U.S. lenders under the $700 billion asset line, from Discover Financial Services Inc. at around $100 billion in assets to U.S. Bancorp with its roughly $460 billion. The changes under consideration appear to be less beneficial to the very largest U.S. banks considered “systemically important” to the global financial system, such as Bank of America Corp. or Citigroup Inc.

From: The Washington Examiner

by Colin Wilhelm

State bank regulators are suing a federal counterpart over a provision aimed at defining banking in the Internet age.

The Conference of State Bank Supervisors filed a lawsuit against the Office of the Comptroller of the Currency Thursday over the latest version of its financial technology charter. The charter would allow financial technology companies that don’t take deposits to circumvent state-by-state registration and some state-level regulations, as banks do.

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Editor’s Note: Cross-posted from FISMA News.

From: cointelegraph

By Marie Huillet

The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3.

The government regulator has reportedly embedded the technology into a system dubbed “Yael,” used to deliver messages and other information to entities that fall under ISA oversight.

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