All Bank Regulation articles

  • Blog

    Outgoing FDIC official shares blunt view of ‘Too Big to Fail’ and bank regulation


    As part of his farewell tour, Thomas Hoenig, the departing vice chairman of the Federal Deposit Insurance Corporation, used a recent speech to candidly address the challenge of balancing prudential standards and regulatory initiatives when attempting to end big bank bailouts.

  • Blog

    House passes bill seeking end to cookie-cutter stress tests for non-banks


    The House of Representatives garnered bipartisan support for legislation that would exempt non-bank financial institutions that are not under supervision by the Federal Reserve, but overseen by the SEC and CFTC, from stress tests.

  • Blog

    Congress wants action on Wells Fargo regulatory plan


    U.S. Senator Bob Menendez (D-N.J.), is among the concerned senators urging the Comptroller of the Currency to quickly act upon regulatory recommendations that emerged after last year’s fake accounts scandal at Wells Fargo.

  • Blog

    Big changes at OCC; Curry out, Noreika in


    After five years of service, Comptroller of the Currency Thomas Curry will be leaving the agency. Keith Noreika, a partner at the law firm Simpson Thacher & Bartlett, will serve as acting Comptroller of the Currency.

  • Blog

    OCC sets stage for FinTech firms to charter as national banks


    The Office of the Comptroller of the Currency will consider applications from financial technology (FinTech) companies to become special purpose national banks. Charters would come with heightened risk management and liquidity requirements.

  • Article

    Amid rate debates, Federal Reserve maintains a regulatory drumbeat


    Arguments over monetary policy may dominate Federal Reserve discussion, but aside from that its influence as a regulator keeps growing. Joe Mont looks at how Chair Janet Yellen’s report to Congress went down.

  • Article

    Regulators walk a tightrope when it comes to innovation, disruption


    It was once an understood fact of life that regulators are reactive, not proactive, when it comes to rulemaking and industry standards. Now, with disruptive technology and sharing services evolving from quaint ideas to multi-billion- dollar enterprises, some are starting to shake off that reputation, albeit cautiously. Joe Mont has ...

  • Blog

    Banks Could Face Long-Term Debt Requirements


    Unveiling yet another rulemaking effort to end taxpayer bailouts when large banks fail, the Board of Governors of the Federal Reserve has proposed an increase in the loss absorbing capacity of systemically important U.S. bank holding companies and the domestic operations of smilarly designated foreign banks. Covered institutions would be ...

  • Blog

    CFPB Considers Ban on Mandatory Arbitration Clauses


    The Consumer Financial Protection Bureau is moving forward with new rules that would prohibit the mandatory arbitration clauses in contracts that banks, credit card companies, and others rely upon to prevent consumers from pursuing lawsuits. A variety of recommendations, published this week for public comment, are the results of a ...

  • Blog

    Risk Retention Rule Finalized for Asset-Backed Securities


    Bank regulators, along with the Securities and Exchange Commission, Federal Housing Finance Agency, and U.S. Department of Housing and Urban Development have jointly issued a final rule that imposes credit risk retention requirements on sponsors of asset-backed securities. The rule requires sponsors to hold at least 5 percent of the ...

  • Blog

    Podcast: Banks Double Down on AML Compliance


    A recent survey by accounting firm Kaufman Rossin found that many banks plan sizeable increases to their budget for anti-money laundering compliance over the next 12 months. In this week’s podcast, we talk to Ivan Garces, a risk advisory services principal at accounting firm Kaufman Rossin about the evolving risk ...

  • Blog

    EU Banking Union Begins Supervision; New Regulations on Horizon


    Image: Title: NouyNov. 5—In a major milestone for the long-anticipated banking union, the European Central Bank has begun its role as the single supervisor for the Eurozone’s banking sector. The ECB’s Single Supervisory Mechanism (SSM) will directly oversee 120 of the area’s biggest banks and indirectly oversee more than 3,000 ...