Tag Archives: federal reserve

GAO Report Finds Flaws in Fed’s Stress Test Frameworks

Inadequate transparency, flaws in scenario design and model risk management issues surrounding the Federal Reserve’s Dodd-Frank Act Stress Test and Comprehensive Capital Analysis and Review programs could be limiting their overall effectiveness, according to a report released today by the Government Accountability Office.

Read More »

Banker, Fed Chiefs Defend Bankers’ Role on Regional Fed Boards

With many activist groups targeting the century-old inclusion of bankers on the boards of the 12 regional Federal Reserve Banks, a midsize community bank CEO and two regional Fed presidents strongly defended bankers’ contributions to Fed governance at a House Financial Services subcommittee hearing today.

Read More »

ABA Members Named to 2017 Fed Advisory Council

The Federal Reserve today announced the members of its 2017 Community Depository Institutions Advisory Council, including two ABA member bank executives who will serve as the panel’s president and vice president.

Read More »

Crapo, Tester Call for Simplified Capital, Reporting Requirements

In a letter to Federal Reserve Chair Janet Yellen yesterday, Sens. Mike Crapo (R- Idaho) and Jon Tester (D-Mont.) called for regulators to provide simpler capital rules and reporting requirements for community banks through the Economic Growth and Regulatory Paperwork Reductions Act process, a decennial review now winding down.

Read More »