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Special-purpose nonbank Custodia continues push for Fed master account
Custodia Bank is reportedly continuing its effort to procure a master account with the Federal Reserve after the special-purpose depository institution was denied last month.
Report on cross-border settlements could influence CBDC debate
The Bank for International Settlements issued a report to help central banks extend operating hours for real-time gross settlement systems to reduce delays in cross-border payments settlement.
OCC updates change-in-control booklet
The OCC issued a revised version of the “Change In Bank Control” booklet of the Comptroller’s Licensing Manual.
ICBA to FDIC: Exercise duty to deny ILC applications
ICBA called on the FDIC to deny pending deposit insurance applications from industrial loan companies, citing the outsized risks ILCs pose to the Deposit Insurance Fund, financial stability, and...