Fed Reiterates Supervisory Guidance on Counterparty Credit Risk Management
The Federal Reserve today reminded banks of its expectations for safe and sound practices with regard to counterparty credit risk...
Newsbytes
FSB Seeks Input on Data Frameworks Affecting Cross-Border Payments
As part of its ongoing effort to enhance cross-border payments, the Financial Stability Board is conducting a survey to collect...
ABA Data Bank: Chip Delivery Lead Time Increases in November
The delivery time for chips increased by four days to about 22.3 weeks, according to research from Susquehanna Financial Group,...
Consumer Prices Rise in November
The Consumer Price Index increased 0.8% in November on a seasonally adjusted basis, according to the U.S. Bureau of Labor...
Uncertainty at FDIC as Chopra, Gruenberg Seek to Sideline McWilliams
In a highly unusual move, at least two of the FDIC’s four board members today said they have approved a...
New York Recognizes CRI’s Profile for Cybersecurity Assessments
The New York Department of Financial Institutions today recognized the Cyber Risk Institute’s Financial Services Cybersecurity Profile as an assessment...
OCC’s Hsu Encourages Banks to ‘Explore Opportunities’ of SPCPs
Acting Comptroller of the Currency Michael Hsu today encouraged banks to “explore the opportunities available through special purpose credit programs.”
USDA Makes Funds Available to Bolster Food Supply Chain
The U.S. Department of Agriculture is deploying $100 million under the new Food Supply Chain Guaranteed Loan Program to make...
House Advances ABA-Supported Libor Legislation
By an overwhelming bipartisan vote of 415-9 today, the House passed H.R. 4616, the Adjustable Interest Rate (Libor) Act, an...
OCC’s Hsu Pushes Envelope with Call for ‘No-Cost Overdrafts’
The OCC identified principles for banks to implement what it calls “responsible overdraft programs that benefit financially vulnerable consumers,” while...
