One -size-fits-all regulation does not work for community banks, which is why legislation is needed to better tailor regulation and promote de novo bank formation, Kentucky community bankers told House lawmakers.
Delays in supervisory action ahead of the Silicon Valley Bank failure were not caused by regulatory tailoring mandates, despite an earlier Federal Reserve report alleging they were, Vice Chair for Supervision Michelle Bowman said today, citing preliminary results...
Industrial production was unchanged in August, after edging up 0.2% in July. In August, manufacturing output decreased 0.3%, and the index for mining and utilities rose 0.1% and 1.8%, respectively.
The Federal Reserve will soon propose a revised stress test model for noninterest income to better capture business diversity across firms, Vice Chair for Supervision Michelle Bowman said.
Financial institutions can also use the CSBS framework to assess their own AI programs, establish sound AI governance and risk management, and prepare for examinations.
The FDIC proposed a new rule to prevent states from imposing certain regulations on state banks chartered in other states.
