Browsing: Federal Reserve

Newsbytes Fed’s Bowman urges return to regulatory tailoring

Federal Reserve Governor Michelle Bowman said that she worried that “an overbroad application” of bank requirements could become a characteristic of future regulatory reforms, pointing to the proposed capital requirements as one example of the trend.

Newsbytes Fed community banker council requests withdrawal of debit card proposal

A Federal Reserve proposal to significantly tighten the cap on debit card interchange compensation earned by banks has introduced sustainability concerns for smaller and medium-sized financial institutions that are trying to stay independent rather than merging, the members of the Fed’s Community Depository Institutions Advisory Council told the agency.

Newsbytes Community bankers express concern about CRA rule, regulatory burden

Minutes of the most recent meeting of the Federal Reserve’s Community Depository Institutions Advisory Council show that council members were disappointed with the final rule to modernize how banking agencies assess compliance with the Community Reinvestment Act, finding the rule overly prescriptive and not offering community banks a clear path to meet its expectations.

Newsbytes ABA, state associations urge Fed to seek consensus on rulemakings

Federal Reserve rulemakings must have broad support of board members to make rules that endure the inevitable political swings, because without that consensus, “the regulatory pendulum could become its own destabilizing risk to the banking system,” ABA and 52 state bankers associations said.

Newsbytes Fed’s Barr: Bank failures may prompt reexamination of liquidity requirements

The speed at which deposits left Silicon Valley Bank and Signature Bank, as well as concerns regarding banks’ ability to monetize their liquidity buffers, suggest that it may be necessary to reexamine requirements regarding self-insurance standards and discount window preparedness, Federal Reserve Vice Chairman for Supervision Michael Barr said.

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