Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
Members of the Federal Reserve Board’s policy setting arm, besides intimating about the possibility of another rate hike in the medium term, noted during their July 31-Aug. 1 meeting that a move by large banks […]
Federal financial industry regulators will jointly host the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit Sept. 13 in New York City, the federal agency that regulates credit unions said in an email announcement Monday. […]
Amending the transition requirements and scope of the current expected credit losses (CECL) standard issued by Financial Accounting Standards Board (FASB) is the aim of a proposal issued Monday by the group. Comments are due […]
A long-time Federal Reserve staff member, and now director of the agency’s research division who keeps the rate-setting policy group at the central bank apprised of the latest developments in the economy, will retire at […]
A former Maryland banker is prohibited from participating in the banking industry, the Federal Reserve said Friday, for self-dealing in transactions and other violations of law. The agency said that Jacob H. Goldstein, a former […]
Bank lending standards for financing home and auto purchases remained little changed, but benchmarks for commercial and industrial (C&I) loans were eased, according to results of a second-quarter survey of senior bank loan officers released […]
A Finnish bank has been granted permission to open a New York branch, the Federal Reserve announced late Friday, following the result of a merger between it and a Swedish institution. Nordea Bank Abp (“Nordea […]
A final rule adopted by the Federal Reserve Board in June, setting single-counterparty credit limits (SCCLs) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with $250 billion or more in total consolidated assets, […]
The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]
The Federal Reserve Board on July 25 approved a revision and three-year renewal of its Financial Statements for Holding Companies, the FR Y-9 family of reports. The Fed issued a notice and request for comments […]
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