Fed’s Barr: Rates may be held at restrictive level for some time
The Federal Reserve must “proceed carefully” as it considers making monetary policy more restrictive to rein in inflation, with the...
Policy
Fed’s Bowman seeks third-party review of bank failure response
Federal Reserve Governor Michelle Bowman reiterated her call for an independent, third-party review of the Fed’s response to the recent...
D.C. Bankers Association launched
The Maryland Bankers Association and Virginia Bankers Association announced the formation of the D.C. Bankers Association to provide consistent and...
ABA backs bill to overturn SEC accounting bulletin
ABA expressed support for a House bill that would prohibit the SEC and federal banking agencies from requiring banks to...
Senators propose CDFI tax credit
A bipartisan group of senators introduced an ABA-backed bill to create a community development financial institutions tax credit for private...
FinCEN to consider revising beneficial ownership reporting mechanism
FinCEN is considering a “revised approach” to the form it plans to use to collect beneficial ownership information after American...
ABA urges ISSB to integrate digital taxonomy efforts into climate implementation
Efforts by the International Sustainability Standards Board to define how corporate climate and sustainability data will be digitally analyzed should...
Watchdog report finds flaws in Fed’s supervision of SVB
Federal Reserve supervisors failed to adjust their approach to Silicon Valley Bank as the institution grew in size, and they...
FDIC’s Gruenberg sees little chance of deposit insurance system changes
There is little likelihood of any changes being made to the U.S. deposit insurance system in the foreseeable future as...
OCC supervisors to emphasize asset and liability management in 2024
Asset and liability management will be an area of focus in the coming year for OCC supervisors, according to the...
