Qualifying swaps may be transferred from a United Kingdom entity to an affiliate in the European Union or the United States without triggering new margin requirements under an interim final rule issued Friday by the […]
Rodney E. Hood and Todd M. Harper were confirmed by the Senate late Thursday on a unanimous consent vote to two seats on the NCUA Board. Once they are sworn into office, the pair will […]
Senators both supported and criticized proposed guidance about designating nonbank financial firms as “systemically significant” during a hearing Thursday. The hearing by the Senate Banking Committee focused on the Financial Stability Oversight Council (FSOC) and […]
Legislation clarifying who among the Federal Reserve’s leaders testifies before Congress on the central bank’s supervisory efforts passed the House Monday on a voice vote; it now heads to the Senate. H.R. 974, the Federal […]
With the formation of its “office of innovation” and the apparent imminent introduction of a “tech lab” as background, the federal insurer of bank deposits plans a “fintech and the future of banking” conference next […]
Despite saying she has an “open mind” about a proposed rule on payday lending, the director of the federal consumer financial protection agency faced a flurry of questions from Democratic senators in a hearing Tuesday […]
Two former senior employees of a Wall Street giant were prohibited permanently from participating in the affairs of a bank Tuesday after participating in an alleged scheme to divert billions from a Malaysian sovereign wealth […]
More work still has to be done to make proposed changes to the “Volcker Rule” so that banks have more certainty, including what types of trading are prohibited under the regulation, the chairman of the […]
The latest list of countries and other jurisdictions that fall short in combatting the financing of terrorists – including North Korea and Iran – was released Friday by the Treasury’s arm for fighting financial crimes. […]
Two former bank tellers earned prison sentences and were ordered to pay more than $1.6 million in restitution this week for defrauding a Georgia bank, federal law enforcement authorities said. In a press release, the […]
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