Commercial banks reported total trading revenue of $5 billion in the final quarter of 2017, down 21.2 percent from the third quarter and 16.1 percent from the year before, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities. The net current credit exposure fell by 3.2 percent to $337.1 billion, the report said. The notional amount of derivatives banks held in the fourth quarter fell by 8.7 percent to $172 trillion.
ABA urges OCC to provide stronger safeguards, clearer rules for charter applicants
As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase transparency in the chartering process, and move cautiously as new regulatory frameworks develop, ABA said. The association also...









