All Banks articles – Page 4
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Blog
OCC report highlights evolving risks
The Office of the Comptroller of the Currency has released its latest assessment of the strategic, credit, operational, and compliance risks that are top and evolving concerns for the federal banking system.
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Blog
Bipartisan legislation seeks to put an end to secret companies
Bipartisan bills introduced this week call for a crackdown on anonymously owned companies created in the United States and stricter disclosure requirements regarding beneficial ownership.
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Blog
Federal Reserve urged to fire Wells Fargo's board of directors
Citing negligence of their risk management duties, Sen. Elizabeth Warren is demanding that the Federal Reserve intervene and fire embattled board members of Wells Fargo.
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Article
Countdown to MiFID II: Europe’s stickiest red tape?
MiFID II is looming, and it’s not just European companies’ problem—it will affect U.S. firms as well. An in-depth look at the rule provides companies with a checklist to assess their readiness.
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Blog
Change to CHOICE Act is a victory for merchants over banks
When the Financial CHOICE Act, a Republican plan to repeal and replace the Dodd-Frank Act, heads to a House floor vote on June 5, a controversial repeal of limits on debit card transaction fees will not be included.
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Blog
Bipartisan bill targets human trafficking
Recently filed, bipartisan legislation seeks to further engage and empower financial institutions when it comes to identifying and reporting suspicions of human trafficking.
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Blog
Bill promotes regulatory relief for community banks
Community bankers are lending their support to newly filed legislation intended to relieve many of the regulatory burdens they have faced in the post-Dodd-Frank era.
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Blog
Senators once again pitch resurrected Glass-Steagall
With bipartisan support and possibly even White House buy-in, a coalition of senators is once again trying to bring back the Glass-Steagall Act.
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Article
Glass-Steagall resurrection gains momentum
There has been a lot of talk about modernizing the Glass-Steagall Act. Now, there may be a blueprint for doing it.
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Article
FinTech takes a great leap forward
The Office of the Comptroller of the Currency has outlined, in greater detail, what it will take for FinTech firms to be chartered as national banks.
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Article
Banks prepare for expected credit loss rules
Amid changing revenue recognition rules, banks face even bigger changes in recognizing expected credit losses, a rule everyone else needs to follow, as well.
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Blog
SEC revisits decades-old bank disclosure guide
The SEC has launched a review of "Industry Guide 3 - Statistical Disclosure by Bank Holding Companies," and will look to update disclosure requirements last itemized in 1976.
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Blog
A plea to G20 leaders about systemic risk
In a new letter to world leaders, the Systemic Risk Council is urging G20 countries to resist any pressure to weaken global financial reform measures.
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ArticleBattle lines are drawn; OCC debates charters for FinTech firms
FinTech firms could be chartered as special-purpose national banks under a proposal being developed by the OCC. The plan, however, writes Joe Mont, could be challenging for firms and has unleashed a flurry of criticism.
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Blog
OCC details top bank risks, stresses compliance
The Office of the Comptroller of the Currency reports that strategic, credit, operational, and compliance risks remain top concerns for banks and other financial institutions. Joe Mont explores.
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Blog
Bookending post-crisis rules, Fed mandates long-term debt holdings
To improve resiliency and eliminate taxpayer bailouts, the Federal Reserve has approved new long-term debt and “total loss-absorbing capacity” requirements for big banks. Joe Mont reports.
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Blog
As states legalize pot, FinCEN urged to update guidance
A bipartisan team of U.S. senators is urging the Treasury Department to take further action to ensure that vendors working with legal marijuana businesses do not have their banking services taken away, writes Joe Mont.
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Blog
How to get a Volcker rule extension for illiquid funds
Banks have some new guidance on how to seek an extension for conforming their investments in "illiquid funds" to the Dodd-Frank Act's Volcker Rule. Joe Mont reports.
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Blog
New FDIC recordkeeping rule focuses on big bank failures
A new rule finalized by the FDIC creates new recordkeeping requirements for banks with a large number of deposit accounts. It is intended to facilitate customer restitution if those institutions fail.
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Blog
Minneapolis Fed offers plan to end ‘too big to fail’
Federal Reserve Bank of Minneapolis President Neel Kashkari has unveiled a new plan he says would substantially reduce the rish of systemic threats from “too big to fail” financial institutions. More from Joe Mont.