FDIC Proposes Rule to Amend Initial Margin Requirements for Inter-Affiliate Swaps
The FDIC today proposed to remove the requirement for covered swap entities to collect initial margin from affiliates, a change...
Policy
ABA Calls for ‘Full, Indefinite’ Delay of CECL for All Banks
The American Bankers Association on Friday called on the Financial Accounting Standards Board to extend a “full and indefinite delay”...
EEOC Intends to Drop Pay Data Collection Requirement
The Equal Employment Opportunity Commission announced this week that it does not intend to renew its authority to collect data...
Report: Sen. Crapo to Move Cannabis Banking Bill
Senate Banking Committee Chairman Mike Crapo (R-Idaho) signaled today that he will hold a committee vote on a bill that...
Senate Confirms Fed Governor Bowman to 14-Year Term
The Senate today voted to confirm Federal Reserve Governor Michelle Bowman to a full, 14-year term on the board of...
ABA’s Benton Discusses Importance of Getting Libor Transition Right
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial...
Preliminary Analysis of 2018 HMDA Data and ABA Policy Recommendations
Banks want to expand safe and sound lending across the board and remain committed to enhancing the availability of credit...
BAFT Calls for Ex-Im Reauthorization
BAFT—ABA’s global transaction banking subsidiary—today joined a coalition of more than 200 organizations and companies calling on Congress to pass...
Pending CECL Delay Should Not Put Off Preparations, Regulators Say
With a pending proposal by the Financial Accounting Standards Board to delay the Current Expected Credit Loss standard’s implementation deadline...
