Rep. Sean Duffy (R-Wis.), chairman of the House Financial Services Committee’s oversight subcommittee, recently wrote to the FDIC requesting information about how banks might handle a debt default by Puerto Rico.
Browsing: Regulatory capital
The high-volatility commercial real estate (HVCRE) regulation, effective as of Jan. 1, 2015, mandates that, in order to be exempt from an HVCRE designation, borrowers who originate commercial acquisition, development and construction (ADC) loans must meet a 15 percent equity requirement, and the leverage on such loans cannot exceed 80 percent of the estimated completed value of the project.
The Federal Reserve today voted to finalize a rule imposing capital surcharges on the largest U.S.-based global systemically important banks.
ABA and the state bankers associations yesterday wrote to the federal banking regulators, continuing their pursuit of relief from the complex Basel III capital calculations for banks that are already clearly highly capitalized.
The Basel Committee on Banking Supervision yesterday proposed an interest rate risk capital requirement, which ABA deemed “out of line with the regulatory program in the U.S.”
At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac yesterday announced new standards that mortgage institutions would have to meet in order to sell loans to or service loans on behalf of the housing GSEs. The new standards include net worth, capital and liquidity requirements both for depository institutions and for nonbanks.
ABA last week filed its second comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct.
Americans are eager for products and brands that are local, handcrafted, neighborly. This, Joshua Siegel writes, is an opportunity for community banks.
Federal Reserve Chairman Janet Yellen yesterday responded to a letter several House members sent last fall urging regulators to resolve a problem for Subchapter S banks posed by Basel III’s capital conservation buffer. Yellen declined to pursue any policy change, stating that the Fed “continues to believe that the capital conservation buffer should be applied equally to all banking organizations.”