Browsing: FDIC

Newsbytes FDIC’s McKernan sees lack of justification for proposed capital standards

Banking regulators have failed to make the case that the U.S. should adopt the so-called “Basel III endgame” capital standards, in part because the international Basel Committee on Banking Supervision had offered little to no explanation for some of its decisions in drafting the standards, FDIC Board Member Jonathan McKernan said.

Newsbytes Watchdog finds problems with FDIC large bank alternative liquidation program

In the more than 12 years since the FDIC was given the authority to liquidate systematically important financial intuitions when they pose a systemic risk that cannot be addressed via a bankruptcy proceeding, the agency has not maintained a consistent focus on maturing the program nor has it fully established key elements to execute its responsibilities, the FDIC Office of Inspector General concluded.

Newsbytes Gruenberg sees room for more supervision of nonbanks

Nonbank financial institutions have become an integral part of the financial services landscape, and as a result, banks and nonbanks need to be viewed as “an interconnected whole and overseen accordingly,” FDIC Chairman Martin Gruenberg said.

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