The OCC today proposed changes to its rules for national bank and federal savings association activities and operations to ensure that they can continue to meet the shifting needs of consumers, businesses and communities.
In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against institutions that submit their March 31, 2020, Call Report after the filing deadline, provided that the report is submitted within 30 days of the original filing date.
The Commodity Futures Trading Commission yesterday proposed new and amended regulations regarding speculative position limits.
The FDIC, OCC and the Federal Reserve today finalized a new approach for calculating the exposure of derivative contracts under the regulatory capital rule.
The federal banking regulators’ standardized approach for counterparty credit risk proposal, or SA-CCR, could have unintended consequences for commercial end users—such as corn producers or beverage manufacturers—who rely heavily on financial derivatives.
With the future of the London Interbank Offered Rate uncertain beyond 2021, the Federal Housing Finance Agency today directed the Federal Home Loan Banks to begin planning to phase out Libor-based transactions.
The FDIC today proposed to remove the requirement for covered swap entities to collect initial margin from affiliates, a change long called for by the American Bankers Association.
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial contracts worldwide—American Bankers Association VP Hu Benton discussed how the industry is preparing on a recent episode of American Banker’s Bankshot podcast.
The Basel Committee and the International Organization of Securities Commissions announced today that they will delay for one year the final implementation plan for margin requirements for non-centrally cleared derivatives.
The Basel Committee today announced that it will revise the leverage ratio treatment of client cleared derivatives to align it with the standardized approach to measuring counterparty credit risk exposures, or SA-CCR.