Tag Archives: regulatory burden

ABA Urges Flexibility for Investment Fund Reporting

In a comment letter last week, ABA offered feedback on the CFA Institute’s proposed changes to the Global Investment Performance Standards, a voluntary disclosure regime for investment managers. GIPS disclosures are used by some banks to report on the investment performance of bank-sponsored collective investment funds. The proposed amendments, known as GIPS 2020, would go into effect January 1, 2020 ...

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ABA Seeks Stress Test Relief for ‘Category IV’ Regional Banks

In a letter to Federal Reserve Vice Chairman for Supervision Randal Quarles in late December, the American Bankers Association urged the Fed to issue an interim final rule providing relief from the 2019 stress testing cycle for smaller regional institutions (“Category IV banks”).  

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OCC Revises Guidelines for Recovery Planning

The OCC yesterday announced revisions to its guidelines on recovery planning for the large financial institutions it regulates. Specifically, the agency has increased the threshold at which banks are covered by the guidance from $50 billion to $250 billion, and it has decreased the time within which a bank should comply with the guidelines from 18 to 12 months. The ...

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FDIC Seeks Public Comment on Brokered Deposit Regulations

In a move long sought by ABA, the FDIC today issued an advanced notice of proposed rulemaking on brokered deposits and the national rate cap. ABA has been actively engaged with the FDIC on the need to revise the regulations so that they accommodate modern banking and don’t discourage healthy banks from gathering deposits. Written over 30 years ago, brokered deposit ...

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