By Aaron Nicodemus2024-02-21T15:59:00
It’s been nearly a year since Silicon Valley Bank (SVB) kicked off a run of U.S. bank failures, and the Federal Reserve Board has changed how it supervises mid-sized and large institutions as a result.
Since March 2023, the Fed has revamped its supervisory procedures to respond more quickly and forcefully once it identifies emerging risks mid-sized and large banks aren’t taking seriously enough, according to Michael Barr, the agency’s vice chair for supervision.
In a speech delivered Friday to the Columbia Law School Banking Conference in New York City, Barr said the Fed has sought to address the supervisory issues that failed to properly manage the deficiencies that led to the collapse of SVB, Signature Bank, and First Republic Bank last year.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
2024-05-07T19:47:00Z By Aaron Nicodemus
Federal regulators adopted a notice of proposed rulemaking on incentive-based compensation requiring large banks to make their executive compensation arrangements “more sensitive to risk.”
2024-03-22T17:14:00Z By Aaron Nicodemus
The Federal Deposit Insurance Corporation proposed to strengthen its approach to evaluating bank mergers under the Bank Merger Act, particularly how it would address factors like competition, financial resources, the convenience and needs of communities, financial stability, and money laundering.
2025-08-22T19:05:00Z By Adrianne Appel
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
2025-08-18T17:44:00Z By Aly McDevitt
The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.
2025-08-14T15:13:00Z By Ruth Prickett
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
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