Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
A former senior employee of the Federal Deposit Insurance Corp. (FDIC) was convicted by a federal jury in Brooklyn, N.Y., Dec. 11 for stealing agency files on banks’ living will (resolution) plans and now faces […]
Seven recommendations were made to address interconnection issues uncovered during an audit of information systems, according to the Federal Deposit Insurance Corp. (FDIC), including to modify the agency’s existing policies and procedures to meet standards […]
A spate of proposed and final rules, and a teleconference on community bank capital requirements – both against the background of the Federal Reserve’s rate-setting committee’s meeting – highlight the regulatory calendar for the week […]
Recommendations for, among other things, recovering at least $47,500 in information technology (IT) support costs termed “not adequately supported” or “unallowable” were made in recent Office of Inspector General (OIG) report to the Federal Deposit […]
Comments will be due Feb. 15 on a proposal – first announced Oct. 30 – to implement a new approach under regulatory capital rules for financial firms to use in measuring counterparty credit risk posed […]
Deposits at federally insured banks continued to grow over the past year, but at a slower rate than in recent years, the Federal Deposit Insurance Corp. (FDIC) reported in its latest quarterly report released Thursday. […]
Three federal bank regulatory agencies will hold a 90-minute teleconference Dec. 18 for bankers to discuss the optional community bank leverage ratio (CBLR) framework proposed for qualifying institutions under $10 billion in assets. According to […]
The 2019 operating budget and an update on projected losses for the insurance fund that covers deposits in the nation’s banks will be discussed at a meeting of the Federal Deposit Insurance Corp. (FDIC) Board […]
Three of the five federal financial institution regulatory agencies saw their “employee engagement scores” drop this year from 2017 levels, with the consumer financial protection agency seeing the biggest decline, more than 25 points, according […]
Strategies mandated for big banks to adopt bankruptcy when needed are unlikely to work in the context of another widespread financial crisis – according to some experts – a report issued Monday from the congressional watchdog agency stated. […]
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