Policies that would increase transparency and accountability at the Federal Reserve would be promoted by the nominee to the Federal Reserve Board, he told a Senate committee Tuesday – before he faced a grilling by […]
The nominee to lead the federal bank deposit insurance agency said she is “uniquely prepared” for the job, citing her background as a former congressional and Federal Reserve staffer and as a bank executive. In […]
A last-minute change in the nomination of a new chairman for the bank insurance fund board would result in the vice chairman of the board leaving by March, according to new information posted by the […]
Financial crises have consistently followed periods of “pro-cyclical regulatory policies” by governments over the last 300 years that fostered financial booms and risk taking, according to a paper published by the International Monetary Fund (IMF) Jan. […]
Despite uncertainty over a government shutdown, a confirmation hearing remains scheduled Tuesday for Jelena McWilliams and Marvin Goodfriend, nominees for (respectively) the chairman of the Federal Deposit Insurance Corp. (FDIC) Board and member of the […]
A civil money penalty (CMP) of $70 million assessed against Citibank, N.A., of Sioux Falls, S.D., is one of six enforcement actions taken by the Office of the Comptroller of the Currency (OCC) in December […]
Clear improvements to the Federal Reserve’s supervision program are “in the offing” in the near future, even though core regulatory reform in response to the financial crisis produced a stronger and more resilient system and […]
Aggressive competition from non-bank lenders in the marketplace, cybersecurity threats and management of money laundering compliance are “key risks” outlined for national banks and savings associations in a report released Thursday. The Semiannual Risk Perspective […]
A strategic plan for the next four years, a proposed rule on involuntary liquidations, and board briefings on call report modernization and inflation adjustments for civil money penalties (CMPs) are all included on the agenda […]
Market risk – including excessive valuations, low-risk premiums, and excesses in financial risk appetite and risk taking – continued to be at its highest level, according to a tool developed by a federal oversight body […]
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