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Results 1 - 10 of 825 |
Posted Date: Friday, December 1, 2023
Federal bank regulatory agencies announced the comment
period for their proposed rule on long-term debt has been extended until
Jan. 16, 2024. The proposal is intended to improve the resolvability of large
banks and enhance financial stability and was created with input from the
Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the
Comptroller of the Currency. Read on »
Posted Date: Friday, December 1, 2023
The Federal Reserve recently announced its approval of NB
Bancorp, Inc.’s application to become a bank holding company by absorbing NB
Financial, Inc., and thereby also acquiring Needham Bank of Needham, Mass.
In a conversion plan released in June, NB Bancorp explained
the business purpose for converting into a bank holding company. Read on »
Posted Date: Wednesday, November 22, 2023
Federal
regulators answered questions from lawmakers regarding new regulatory proposals
to put tighter capital restrictions on the nation’s largest and most complex banks,
among other proposed changes, during the Senate Banking Committee’s recent
hearing with officials representing the Federal Reserve, Federal Deposit
Insurance Corp., the Office of the Comptroller of the Currency and the National
Credit Union Administration. Read on »
Posted Date: Tuesday, November 21, 2023
The collapse of Silicon Valley Bank and Signature Bank in
March shed light on a statutory mechanism meant to shield “uninsured”
depositors from harm when their bank fails. The mechanism is called the
Systemic Risk Exception and it is the subject of a new final rule recently
approved by the Federal Deposit Insurance Corp.
The rule requires covered entities to pay a special
quarterly assessment based on their estimated uninsured deposits to recoup
losses from the recent bank failures. Read on »
Posted Date: Tuesday, November 21, 2023
The Federal Reserve recently published its November 2023
Supervision and Regulation Report, detailing key policy actions and supervisory
developments, as well updating the overall health of the stability of the
financial system.
Although banks remain largely well capitalized, Fed
examiners remain intent on monitoring the impact of high interest rates and other
factors which could negatively impact liquidity over time. Read on »
Posted Date: Tuesday, November 21, 2023
Federal regulatory agencies recently announced annual
threshold adjustments for determining appraisal requirements for
“higher-priced” mortgage loans. Such mortgages are deemed to be associated with
higher risks than others by the Truth in Lending Act and Regulation Z.
The Consumer Financial Protection Bureau, the Federal
Reserve and the Office of the Comptroller of the Currency included details
about the adjustments in a joint press release. Read on »
Posted Date: Tuesday, November 21, 2023
The
Federal Reserve announced pricing for payment services offered to credit unions
by Federal Reserve Banks, effective Jan. 2, 2024. These services include the
clearing of checks and automated clearing house transactions, as well as wholesale
payment and settlement services. Read on »
Posted Date: Friday, November 17, 2023
The Biden-Harris administration recently issued an executive
order intended to address both the potential benefits and risks associated with
artificial intelligence (AI), including those applicable to federal agencies
and competition within the business community.
The aim of the executive order is to position the U.S. as a
frontrunner in harnessing the potential of and mitigating the risks associated
with AI. Read on »
Posted Date: Tuesday, November 14, 2023
Follow
Dodd Frank Update for live coverage from The Clearing House’s 11th
Annual Conference in New York City, Nov. 16-17. More than 500 executives representing
the nation’s leading financial institutions, regulatory agencies and
professional services firms are attending to hear from some of the most
influential and knowledgeable experts in the country. Read on »
Posted Date: Tuesday, November 14, 2023
To shed light on the process for determining the level of
risk a financial entity may pose to the U.S. economy, the Financial Stability
Oversight Council (FSOC) unanimously approved final versions of a new analytic
framework for making such determinations, as well as updated guidance on the council’s
determination process tailored for nonbank financial entities.
The FSOC Analytic Framework details the vulnerabilities and
transmission channels which most frequently contribute to financial stability
risks, whether these activities stem from widely conducted activities or
individual firms. Read on »
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