Podcast: Two Competing Economic Narratives for 2019
The U.S. economic outlook, while positive, is a tale of two stories, says Comerica Bank Chief Economist Robert Dye on the latest episode of the ABA Banking Journal Podcast.
Browsing: Commercial Lending
ARRC Posts Free Webinars on Proposed Libor Transition Language
The Alternative Reference Rates Committee — a group of private-sector market participants and public agencies convened by the Federal Reserve — today released two free webinars to help market participants better understand and respond to its request for feedback on draft fallback language for certain financial instruments that reference the U.S. dollar London Interbank Offer Rate.
10 Real Estate Finance Policy Issues to Watch in 2019
The rapid pace of change will continue in 2019, ABA policy staff project.
ABA Urges Fixes to SBA Loan Program Proposal
In a comment letter today, ABA recommended that the Small Business Administration reconsider several elements of changes to its Express loan offerings, part of its popular 7(a) program.
Fiduciary Rule, Libor Transition on SEC Agenda for 2019
Completing the Securities and Exchange Commission’s rulemaking on best interest standards for broker-dealers and investment advisers is a “key priority” for 2019, SEC Chairman Jay Clayton said in a speech today.
A New Dawn for De Novo Banks
With the regulatory posture shifting, the next generation of de novo banks is finally beginning to emerge.
Draft Libor Transition Language Released for Business Loans, Securitizations
The Alternative Reference Rates Committee today issued consultations on draft fallback language for bilateral business loans and securitizations that reference the U.S. dollar London Interbank Offer Rate.
The Replacements
As the longstanding Libor rides off into the sunset, what will replace it? And what do banks need to do to prepare?
OFR Flags Market Risk, Leveraged Lending in Annual Report
Noting that economic indicators are exceptionally positive, the Treasury’s Office of Financial Research flagged market risk, credit risk and cybersecurity as high or moderate concerns in its annual financial stability report today.
Fed Watching Leveraged Loan Growth for Systemic Risk
The Federal Reserve is watching growth in the leveraged loan sector with an eye to its systemic implications, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Senate Banking Committee today.