Financial regulators will issue by year-end their proposal exempting highly capitalized community banks from the Basel III capital calculations, as directed by S. 2155, FDIC Chairman Jelena McWilliams told members of the Senate Banking Committee today.
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In an American Banker op-ed today, ABA EVP Wayne Abernathy and VP Hugh Carney explain why it’s time for regulators to assess and calibrate capital requirements for banks of all sizes.
The federal banking agencies today issued an interim final rule that implements an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
Several Republican members of the House Financial Services Committee last week urged Federal Reserve Vice Chairman for Supervision Randal Quarles to recalibrate the Fed’s capital surcharge for the largest U.S.-based global systemically important banks.
The American Bankers Association and all 52 state bankers associations on Friday wrote to the heads of the financial regulatory agencies urging regulators to finalize immediately the regulatory deduction portion of their recent proposal aimed at simplifying the complex Basel III capital calculations.
In a landmark moment for post-crisis banking policy, the House today passed S. 2155, the Senate’s bipartisan regulatory reform bill.
In a memo to House Financial Services committee members today, ABA urged lawmakers to reject a provision of the Foreign Investment Risk Review Modernization Act of 2018 that would delay the effective date of risk-based capital rules for credit unions for two years.
The Federal Reserve is “close” to finalizing the Net Stable Funding Ratio, a long-term liquidity measurement included in the Basel III liquidity standards, Federal Reserve Governor Lael Brainard said during a speech in Washington today.
On the latest episode of the ABA Banking Journal Podcast, community bank CEO Luanne Cundiff discusses the current state of the mortgage market and how recent regulations are affecting it.
The Basel Committee today issued a proposed technical amendment to bank disclosure requirements in light of new expected credit loss accounting models being implemented worldwide.