Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Changes to a capital requirement for banking organizations predominantly engaged in custodial activities were finalized Tuesday by all three federal banking regulators, to take effect April 1, 2020. The rule – which was finalized following […]
A longstanding policy providing relief for individuals with convictions for certain low-risk crimes from seeking waivers in order to get a job at a bank would be converted into regulation under a proposal issued Tuesday. […]
The federal insurer of bank deposits Tuesday proposed its own regulation to clarify the “valid-when-made” rule for state banks, an action taken by its sister regulator, the supervisor of national banks, the day before. The […]
Current and emerging issues that have potential implications on the regulation and supervision of state-chartered financial institutions will be the focus of a new advisory committee announced Tuesday by the federal insurer of bank deposits. […]
A Louisiana farmer who lied to various banks and other agriculture-related credit firms in order to steal more than $18 million through phony loans received a 10-year prison sentence (among other things) by a federal […]
Regulatory action on banks’ derivatives contracts exposures and the definition of high volatility commercial real estate (“HVCRE”) exposure, a final rule on credit union real estate appraisal requirements, and a public briefing on the federal […]
The shift in some lending from banks to nonbanks is addressed in one of three reports issued by the federal insurer of deposits in banks Thursday, a project the agency called “a multi-part analysis of […]
The Business Continuity Management booklet within federal financial institution regulators’ Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions’ preparedness to avoid disruptions in operations and to recover services. […]
Title: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds Subject: Volcker Rule Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, […]
A set of revisions to the Volcker Rule, which generally prohibits banking entities from engaging in proprietary trading or investing, are slated for publication in Thursday’s Federal Register. The final rule was adopted in actions […]
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