ABA: Credit Union Appraisal Proposal Would Create Inconsistent Regulatory Standard
A recent proposal by the National Credit Union Administration to raise the threshold at which credit unions must obtain appraisals...
Policy
FinCEN, Banking Agencies Encourage Innovation in AML/BSA Compliance
The banking agencies, along with the Financial Crimes Enforcement Network, today issued a statement encouraging banks to consider, study and...
IOER Levels Not Driving Reserve Decisions, Fed Survey Finds
Banks are not basing decisions on how much to hold in reserve at the Federal Reserve Banks on a desire...
CFTC’s Giancarlo Warns on ‘Zombie Libor,’ Emphasizes Need for Benchmark Transition
The Commodity Futures Trading Commission is working to “troubleshoot” issues in transitioning CFTC-regulated derivatives contracts from the London Interbank Offered...
How to Prepare for a Lapse in the NFIP
The National Flood Insurance Program is set to lapse on May 31. Here's what bankers can do to prepare.
ABA Urges Agencies to Reconsider Higher Risk Weighting for HVCRE ADC Loans
As financial regulators consider the treatment of high-volatility commercial real estate under the S. 2155 regulatory reform law, the American...
Fed, CFPB Reopen Comments on 2011 Reg CC Proposal
The Federal Reserve and the Consumer Financial Protection Bureau today reopened the public comment period on the Fed’s 2011 proposal...
FDIC Proposes 9 Percent Leverage Ratio as Threshold for Basel III Exemption
In a long-awaited rulemaking, the FDIC today voted to propose that community banks with a leverage capital ratio of at...
Basel: Decline in Global Correspondent Banking Relationships Accelerates
The number of worldwide correspondent banking relationships continues to decline, according to new figures released today by the Basel, Switzerland-based...
Basel Updates List of Global SIFIs for 2019
The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency...
