Spencer Fane attorney Kirstin Kanski recently authored an article, OCC’s Digital Embrace Delivers Risk, Opportunity for Banks, published by Law360.
In the piece, Kirstin discussed the evolving regulatory frameworks for the banking sector’s ability to engage with digital assets. She outlined recent actions from the Office of the Comptroller of the Currency, including the agency’s recent Request for Information, and explored how this new age of banking activities might affect community banks.
“National banks interested in pursuing a strategy that involves digital assets and custody services should closely monitor the numerous and rapidly evolving regulatory frameworks that are in flux and prioritize aligning strategy with the enhanced risk management protocols that will be expected and required to conduct these digital services in a safe and sound manner,” Kirstin said.
At Spencer Fane, Kirstin maintains a comprehensive banking and financial services practice in which she provides strategic legal advice to financial institutions on a variety of bank regulatory matters, including enterprise risk management and compliance, data privacy, third-party risk oversight and remediation. She has significant experience in the design and implementation of enterprise compliance, risk, data privacy, ethics, and investigation programs.
Read Kirstin’s full Law360 article here. Please note, a subscription may be required.