Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
The outlook on the transition away from LIBOR and lessons learned about reference rates will be among the featured topics during a Sept. 20 event sponsored by a group that has developed an alternative to […]
A final rule that raised to 0.15% the rate of interest the Federal Reserve Banks pay on depository institutions’ reserve balances was published in the Federal Register Wednesday. The rate 0.05 percentage point increase was […]
There is more time to comment on proposed guidance to help banking organizations manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said Tuesday. In separate releases, the agencies said […]
Frequently asked questions (FAQs) about an alternative reference rate to LIBOR – especially best practices related to the use of a term rate for the alternative – were issued Friday by a Federal Reserve-sponsored group. […]
Helping community banks assess risks when considering relationships with financial technology companies is the aim of a new guide issued Friday by the federal banking agencies. In separate releases, the agencies said the guide – […]
Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing financial markets in a letter released Monday. The […]
A “pattern or practice” of violations of the regulation that implements the National Flood Insurance Act (NFIA) drew combined civil money penalties of $82,000 for South Shore Bank of Weymouth, Mass., and Dime Community Bank […]
Revised guidance on effective authentication and access risk management principles and practices related to digital banking services and information systems was issued Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC). The guidance replaces […]
A 2015 cease-and-desist order detailing unsafe and unsound practices in the foreign exchange (FX) operations of JPMorgan Chase & Co. (New York), and for which the firm was assessed a $342 million civil money penalty, […]
Individual capital requirements for large banks that will ensure $1 trillion in “high quality capital” – enough for the banks to weather a deep recession and keep lending – were announced Thursday by the Federal […]
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