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.
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.
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.
The Federal Reserve’s efforts to improve the efficiency and effectiveness of stress tests have proven critical in helping the agency and the financial industry respond to COVID-19, Fed Vice Chairman for Supervision Randal Quarles said today.
The FDIC today finalized changes to the risk-based deposit insurance system that applies to banks with more than $10 billion in assets to address the temporary deposit insurance assessment effects resulting from CECL implementation. The final rule takes effect April 1.
The Federal Reserve today released the two hypothetical economic and financial market scenarios that it will use in the next round of the Comprehensive Capital Analysis and Review process for the nation’s largest financial institutions.
The Federal Reserve today finalized a rule making changes to its capital planning requirements that…
The FDIC formally announced that it will resume requiring resolution plans from covered insured depository institutions, lifting a moratorium in place since November 2018 while the FDIC revamped the process.
In the second supervisory stress test of 2020, large banks maintained strong capital levels under two separate hypothetical economic downturns, the Federal Reserve said on Friday.
The FDIC and Federal Reserve today finalized guidance for the resolution plans submitted by certain foreign banking organizations starting with the 2021 round of “living wills.”