FDIC Modifies Resolution Plan Rules
The FDIC today outlined a modified approach to implementing its rule requiring insured depository institutions with $100 billion or more in total assets to submit resolution plans.
Browsing: Regulatory capital
Fed: Banks Continue to Have ‘Strong Capital Levels’ in 2021 Stress Test
Large banks continued to maintain strong capital levels under a hypothetical severe global recession and substantial stress in commercial real estate and corporate debt markets, according to the results of Dodd-Frank Act-mandated stress tests, the Federal Reserve said today.
Quarles: COVID-19 Proved Forward-Looking Capital Framework ‘Works Effectively’
Given the strong performance of banks throughout the COVID-19 pandemic and resulting economic downturn, regulators should not need to employ “ad hoc and roughly improvised limitations” on the restrictions of capital distributions going forward, Federal Reserve Vice Chairman for Supervision Randal Quarles said in remarks at an industry event today.
Moynihan: Time to Revisit SLR in Light of Pandemic
Bank of America Chairman and CEO Brian Moynihan told lawmakers today that “it’s important to look at [the Supplemental Leverage Ratio] again and make sure it’s calibrated correctly,” in light of lessons learned from the COVID-19 pandemic.
ABA Opposes NCUA’s Capital Simplification Proposals
The American Bankers Association yesterday panned two proposals by the National Credit Union Administration to simplify current risk-based capital requirements for “complex” insured credit unions with more than $500 million in assets.
Building Capacity of Lenders to the Underserved
With applications due in July, here’s what CDFIs and minority banks need to know about the Treasury Department’s new emergency capital investment program.
Fed: Banks Demonstrated Financial, Operational Resilience During COVID-19
Throughout the COVID-19 crisis, “the benefits of a resilient banking system have been evident” as banks’ “strong capital and liquidity positions” have enabled the pandemic recovery, the Federal Reserve said today in its supervision and regulation report.
COVID Makes the Case for Smarter Capital Measures
Banks have been a source of strength for the economy during the pandemic. A year into the crisis, the blunt instrument of leverage ratios is about to make it harder for banks of all sizes to support the recovery.
Agencies Allow Temporary SLR Change to Expire
With the acute phase of the coronavirus crisis past and a return to normal economic activity in sight, the federal banking agencies today said they would let a temporary change to the supplementary leverage ratio expire as scheduled on March 31.
Banking Agencies to Allow Treasury’s Emergency Capital Investments to Count as Bank Capital
The Federal Reserve, FDIC and OCC today announced an interim final rule allowing Treasury investments made to community development financial institutions and minority depository institutions under the newly established Emergency Capital Investment program qualify as regulatory capital. Comments are due 60 days after publication in the Federal Register.