Browsing: Banks and the Economy
ABA, State Associations Raise Concerns About National Rate Cap in Letter to FDIC
The American Bankers Association joined a group of 51 state bankers associations in a letter to FDIC Chairman Jelena McWilliams today voicing concerns that the national rate cap—which is intended to prevent struggling banks from offering excessively high rates—is being used as a proxy for volatile deposits in examinations of healthy banks.
CEOs’ Confidence in Economy Softens
The nation’s CEOs were less confident about the future economic outlook than they were in previous quarters, according to the latest Business Roundtable CEO Economic Outlook Index released today.
Trade Groups Raise Concern About Proposed Approach to Calculating Counterparty Credit Risk
ABA today joined four other financial trade organizations in a comment letter to the financial regulatory agencies offering feedback on a proposal establishing a new approach for calculating the exposure amount of derivative contracts under the regulatory capital rule.
ABA Op-Ed Calls for Better Tailoring of Capital Standards
In an American Banker op-ed today, ABA EVP Wayne Abernathy questioned the effectiveness of the more than two dozen regulatory capital requirements that banks are subject to and highlighted the need for greater tailoring.
