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US Market: Fed, FDIC push leaner, risk-focused bank supervisionUS financial regulators are enacting significant changes to bank oversight, moving away from detailed paperwork towards focusing on "materi...- Basel III fragments as US, Europe and India take diverging paths on bank capital rulesFifteen years after its finalization, the Basel 3 accord's goal of uniform global banking rules has fragmented. National regulators are now...
- IndiGo replaces OCC head after December flight disruptionsIndiGo has appointed Captain Rohit Rikhye as the new Head of Operations Control Centre (OCC), replacing Jason Herter. This leadership chang...
- 11 months & counting: Open Cloud Compute yet to go liveLaunched by AI non-profit based in Bengaluru people+ai, Open Cloud Compute (OCC) was envisioned as an interconnected cloud computing infras...
- US regulator clears path for banks to engage in some crypto activitiesThe Office of the Comptroller of the Currency clarified that banks can engage in certain crypto activities without advance regulatory permi...
- Open cloud compute: a UPI moment for AI?Open Cloud Compute (OCC), an initiative by People+AI and EkStep Foundation, aims to reduce the high costs of compute power by establishing ...
- Open Cloud Compute looks to onboard 3 providers for October pilotThe Open Cloud Compute network was unveiled by Infosys non-executive chairman Nandan Nilekani earlier this year. It is an open interface fo...
- U.S. regulators reconsider capital hike for big banks, WSJ reportsThe Federal Reserve and two other U.S. regulators are moving toward a new plan that would significantly reduce a nearly 20% mandated increa...
- People+ai partners with 24 tech organisations to enable open cloud compute infraAMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance t...
- DMRC unveils new OCC, entire network now to be controlled in integrated manner from HQDMRC unveiled new OCC for Phase-IV corridors, providing remote visibility and monitoring of Delhi Metro network. OCC oversees train movemen...
- Bank of America to pay more than $100M for doubling fees, opening accounts without customer consentBank of America has been ordered to pay over $100 million to its customers for multiple violations, including double-dipping on some fees, ...
- Wall Street examines risks around short-dated options as warnings rise-sourcesThe Futures Industry Association (FIA), a trade group that includes major Wall Street players as well as the OCC as members, invited OCC to...
- Fed, OCC, FDIC in 'sprint' on regulation for crypto, Quarles says"We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on exactly that...
- Wall Street fumes over last-minute rule from Trump bank watchdogBrooks, who plans to step down after he finishes the regulation, has also angered banks by granting federal banking licenses to technology ...
- What's ailing Blue Line? Delhi Metro apologises, shares detailsThis prompted DMRC to issue an apology to the commuters through a video statement posted on its website.
- RBI, US financial regulators sign info sharing agreementSince then, India and the US have moved fast to expand partnership in oversight of financial institutions, including between RBI, FRB, OCC ...
- US appoints Indian-American Jawahar Kaliani to key Treasury Department postJawahar Kaliani has been appointed as the Deputy Chief Information Officer for Application Services Delivery at the OCC, Department of Trea...
- Online cross-border trade seen growing fivefold by 2020: StudyE-commerce is expanding at breakneck pace, with online retail sales in Europe seen doubling by 2018 to 323 billion euros ($437.91 billion).
- 'Outsourcing exposes US banks to increased operational risks'OCC advised banks on various risk management processes in addition to more comprehensive oversight and management of third-party relationsh...
- Now, US wants to audit Indian BPOsBPO cos working for US-based firms have fallen under OCC jurisdiction & will face inspection & auditing soon.
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