S. 2155 Rule Changes to Be Done by Year-End, Regulators Say
The heads of the banking agencies told lawmakers that they expect to have regulatory changes from the S. 2155 regulatory reform law implemented by year-end.
Browsing: Federal reserve
GAO Finds Inconsistencies in Agencies’ Communication, Use of Supervisory Data
A recent review by the Government Accountability Office found notable variations in how federal banking regulators communicate their supervisory concerns to the institutions they oversee.
Golden Ticket or Bad Egg? The Case of the Narrow Bank
The benefits that TNB offers its institutional investor client base would be more than offset by the harm it does to the banking system and the Fed’s use of IOER.
Fed Flags Potential Vulnerabilities from High Business Debt, Leveraged Lending
Credit standards for leveraged loans continued to deteriorate in recent months, with the share of newly issued large loans to highly leveraged corporations now exceeding peak levels, the Federal Reserve said today in its second report on financial stability. T
Fed Proposal to Bring Clarity, Transparency to Bank Control Determinations
The Federal Reserve today issued a proposal to revise its existing rules for determining control of a banking firm by another company under the Bank Holding Company Act and the Home Owners’ Loan Act.
Fed’s Bowman: Compliance Concerns Hindering Community Bank Innovation
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach to innovation.
Podcast: Highlights from ABA’s 2019 Washington Summit
Tune in for Maxine Waters on cannabis banking and housing finance reform; Mike Crapo on housing finance reform and data security; Kevin Hassett on his 3% economic growth projection for 2019; and three Federal Reserve presidents on the role bankers play in Fed governance.
Fed Presidents Emphasize Need for Bankers on Reserve Bank Boards
Speaking at the ABA Washington Summit today, three Federal Reserve Bank presidents affirmed the role that bankers play in serving on Fed bank boards.
Fed Releases Audited Financial Statements
The Federal Reserve today released 2018 financial statements—independently audited by KPMG—for the combined system, including the 12 Federal Reserve Banks and the Board of Governors.
Fed Chairman Powell: U.S. Financial System ‘Strong, Resilient’
The nation’s financial system is “strong and resilient” overall, Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today.