Innovation and Choice in the Post-Libor Landscape
The impending demise of Libor is not a liability—it’s an opportunity.
Browsing: Commercial Lending
The Changing Climate of Credit Risk Management
Why credit portfolio managers need to focus more on physical climate risk.
FDIC’s ‘Supervisory Insights’ Highlights CRE Risk Governance
With the volume of commercial real estate loans held by FDIC-insured banks reaching a record of $2.4 trillion in 2019, the FDIC is focusing on CRE risk management.
Fed Study Finds Inconsistent Advertising of Nonbank Small Biz Loan Terms
The way nonbank online lenders advertise or disclose up-front loan terms and costs for small businesses varies greatly, producing confusion for small business borrowers as online lending gains market share, according to research published Thursday by the Federal Reserve Board and the Federal Reserve Bank of Cleveland.
McHenry Presses Fed for a Briefing on Libor Transition
House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.) wrote to Federal Reserve Vice Chairman for Supervision Randal Quarles last week requesting a January briefing on efforts by the Fed and other prudential regulators to prepare banks for the transition away from the London Interbank Offered Rate.
Senate Clears 2020 Spending Bills; Orders CECL Review
In a 71 to 23 vote this afternoon, the Senate approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020.
FSB: Banks Need to Move Now on Post-Libor Plans
Financial firms that have not started their work to transition from the London Interbank Offered Rate and making fallback plans for contracts—especially loans—that currently reference it need to begin right away, the Basel, Switzerland-based Financial Stability Board said in a progress report today on the reference rate transition.
House Passes 2020 Spending Bills; CECL Study Required
The House today approved a spending package for the current fiscal year, funding the government through Sept. 30, 2020. The Senate is expected to vote on the spending bills later this week.
Agencies Finalize Proposed Rule Regarding Treatment of HVCRE
The FDIC, Federal Reserve and OCC today finalized a rule implementing a provision of the S. 2155 regulatory reform law regarding the treatment of high volatility commercial real estate.
Fed: Business Debt Remains Elevated but Banking Sector ‘Resilient’
Business debt is historically high relative to U.S. gross domestic product, with debt increasing most rapidly among the riskiest firms amid weak credit standards, the Federal Reserve said today in its financial stability report.