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 […]
Guidance for the new tax law concerning accounting and reporting implications was distributed Thursday by federal banking agencies to give banks and savings associations insights about how the new law will affect their financial statements […]
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