A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general […]
After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are […]
Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), […]
Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability […]
The heads of federal agencies and departments can expect to see guidance from the Office of Management and Budget (OMB) in the near future on implementation of a new executive order that seeks to ensure […]
The changing financial institution landscape due to generative artificial intelligence (GenAI) should be approached with “agility and flexibility” by regulators, the outgoing top supervisor at the Federal Reserve said Tuesday. Michael Barr, the Federal Reserve […]
Reflecting on what he called the “maturing” stablecoin market, a Federal Reserve Board governor reminded of the continued lack of a “clear and targeted” legal and regulatory framework that could keep U.S. issuers of stablecoins […]
The agency’s four funds earned unmodified, or “clean,” audit opinions for 2024, the National Credit Union Administration said Thursday. The funds – National Credit Union Share Insurance Fund, Operating Fund, the Central Liquidity Facility, and […]
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