Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Updated “frequently asked questions” (FAQs) about the new accounting standard on credit losses hit the street Wednesday, combining new questions and answers with those issued two and three years ago and replacing others. The Federal […]
Changes to refine the methods for determining the level of intraday credit that U.S. branches and agencies of foreign banking organizations (FBOs) and agencies can receive from the Federal Reserve Banks were announced Wednesday by […]
The nature of financial regulation and supervision in the country “argues strongly” for better coordination between state and federal financial regulators – as well as between the federal regulators themselves, a member of the Federal […]
The roles of “fintech,” nonbank financial intermediation and “too big to fail” were again key points for the chief Federal Reserve regulator for supervision, who also again pledged to look into all three as he […]
Proposed rules on prudential standards for foreign banking organizations (FBOs) and resolution plan requirements for both foreign and domestic banking firms will be considered by the Federal Reserve Board next week (April 8). The central […]
Patrick J. McClanahan is the Federal Reserve’s next chief operating officer (COO), effective April 29, succeeding long-time federal government worker and executive Don Hammond, who retired earlier this year. The Fed made the announcement late […]
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
Federal Deposit Insurance Corp. (FDIC) Board Member Martin Gruenberg said he voted against issuing the letter to Northern Trust Corp. regarding its living will, citing unrealistic assumptions about the bank’s proposed transfer of uninsured and […]
No deficiencies in resolution plans (or “living wills”) for 14 large, domestic banking and financial firms were identified by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said Friday – unlike […]
Calling the current, zero countercyclical capital buffer (CCyB) set by the Federal Reserve the “current appropriate setting” for the CCyB, the Fed’s top supervision official on Friday also noted with interest the flexibility afforded under […]
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