In recent years, nonbanks have made major inroads into sectors like the single-family mortgage market, where they now originate more than half of loans.
Browsing: Regulatory burden
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.
“Our customers are our most valuable asset,” says Dan Robb, president and CEO of Jonesburg State Bank. “When we see them having trouble getting credit because of regulations that have been put into place, we have to voice that to Congress.”
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors.
The FDIC today approved a final rule allowing community banks with a leverage capital ratio of at least 9% to be considered in compliance with Basel III capital requirements and exempt from the complex Basel Calculation.
The OCC is amending its assessment rules to provide partial refunds to national banks, federal thrifts and federal branches of foreign banks that leave OCC jurisdiction before the end of the six-month assessment period.
The American Bankers Associatin today wrote to the Consumer Financial Protection Bureau in support of its plan to review rules that have or will have a significant economic impact upon a substantial number of small entities.
ABA today offered support for a proposed pilot program by the OCC that would allow banks to test innovative products and programs.
The Commodity Futures Trading Commission yesterday issued a no-action letter to allow certain amendments to legacy swaps—those that were executed prior to the compliance date for the CFTC’s uncleared swap margin rule—without losing their status as legacy swaps.
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released its second report on its regulatory and supervisory activities for banking companies.