Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
The Fed
The Fed
The Fed
President picks two to fill Fed Board vice chairman, governor posts
The president plans to nominate an academic and a Kansas state bank regulator to terms on the Federal Reserve Board, the White House announced Monday. The Fed Board has seven seats, but only three are […]
The Fed
Fed proposes 3-year phase-in for effects of CECL on regulatory capital
Providing an option to phase in over three years the effects on regulatory capital of the new current expected credit loss (CECL) accounting standard is the aim of a notice of proposed rulemaking issued by […]
CFPB
Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
The Fed
Enforcement agreement with Porter Bancorp terminated, Fed announces
The Federal Reserve Board on Thursday announced it has terminated an enforcement action involving Porter Bancorp, Inc., in Louisville, Ky. This bank holding company entered into an agreement in 2011 with the St. Louis Federal […]
The Fed
Application period opening for Federal Reserve advisory panel on consumer, community issues
The Federal Reserve Board (Fed) is inviting applications to membership in its Consumer Advisory Council (CAC), which provides the Fed feedback and perspectives on policy and emerging issues that affect consumers and communities. The group […]
OCC
Agencies propose ‘enhanced supplementary leverage ratio’ for large banks
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
FDIC
Agencies advise: first quarter call reports for banks, savings associations due April 30 (and no later)
Banks and savings associations have until April 30 to file their first quarter call reports, the federal banking agencies said Tuesday in a notice; as per usual, no extensions of filing time are granted. In […]
The Fed
New ‘stress capital buffer’ would simplify capital rules for large banks, ‘modestly’ reduce capital required for most
A proposal meant to simplify capital rules for large banks by introducing a so-called “stress capital buffer” (SCB) – which would largely “modestly” decrease the amount of capital required for most non-globally systemically important banks […]
CFPB
Guidance provided on ‘cyber insurance,’ but exam council calls ‘effective controls’ still the best defense
Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]