Tag Archives: directors

Fed’s Powell: Some Post-Crisis Regs ‘Unnecessarily Burdensome’

Noting that the U.S. financial system is “without a doubt far stronger” than it was before the crisis, Federal Reserve Governor Jerome Powell said today that the collective weight of post-financial crisis rules are too complex and that some of them are burdensome and may not be needed at all -- especially in a context of sluggish productivity and GDP growth that calls for banks to “devote as much of their resources as possible to supporting economic growth.”

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Innovation in the Bank

Community bank leaders weigh in on how they handle technological changes and IT strategic planning while keeping focused on customer needs.

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Survey: Two-Thirds of Bankers Have Begun CECL Prep

Approximately two-thirds of financial institutions have in some way begun tackling the Financial Accounting Standards Board’s Current Expected Credit Loss model for loan loss accounting, according to a survey released today by financial information firm Sageworks.

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SEC Working on Board Diversity Disclosure Proposal

Securities and Exchange Commission staff are working on a proposed rule that would require public companies to include in their proxy statement “meaningful disclosures” of the race, sex and ethnicity of their board members and board nominees, SEC Chairman Mary Jo White said in a speech yesterday.

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