All Federal Reserve articles – Page 6

  • Blog

    Fed Extends Deadlines for Volcker Rule Compliance


    The Federal Reserve Board is giving financial insitutions more time to comply with the Volcker rule’s demand that they extricate themselves from investments in hedge funds and private equity funds and wind down speculative positions held on their own behalf, rather than for clients. Banks will until 2017 to unwind ...

  • Blog

    Fed Seeks New Capital Requirements for Biggest Banks


    Image: Dec. 9—The Federal Reserve is proposing a new risk-based capital surcharge for the most systemically important firms. The proposed rule would implement a new methodology for determining “global systemically important” banks and increase mandated capital conservation buffers by as much as 4 percent. The proposal establishes five broad categories ...

  • Blog

    Federal Reserve Places New Limits on Large Banks


    The Federal Reserve Board has approved a rule that places new limits on mergers and acquisitions in the banking industry, effectively slowing the growth of the largest institutions in yet another strike against “too big to fail” banks. The rule prohibits a financial company from combining with another company if ...

  • Blog

    Fed Official Warns Banks: Fix Culture Problem or be Downsized


    Two Federal Reserve officials issued stern warnings regarding bank compliance efforts last week. William Dudley, president of the Federal Reserve Bank of New York, said that if financial institutions don’t fix their culture problem, they risk being broken apart. Meanwhile, Fed Governor Daniel Tarullo blasted banks that take a “check ...

  • Blog

    Report: Fed Knew About, Failed to Stop JPMorgan's London Whale Trades


    Oct. 21—The Federal Reserve failed to act on knowledge of high-risk trading activities at JPMorgan Chase’s London investment office and should shoulder blame for a $6 billion loss the bank suffered from its ill-fated “London Whale” derivatives trades in 2012. That criticism is leveled by the Fed’s Office of Inspector ...