Browsing: Regulatory capital

Compliance and Risk

In a letter to Federal Reserve Chair Janet Yellen yesterday, Sens. Mike Crapo (R- Idaho) and Jon Tester (D-Mont.) called for regulators to provide simpler capital rules and reporting requirements for community banks through the Economic Growth and Regulatory Paperwork Reductions Act process, a decennial review now winding down.

Economy

In its response to the Basel committee’s consultative document on a standardized measurement approach for calculating operational risk capital, ABA today supported the replacement of the existing internal models-based advanced measurement approach with a simpler, standardized calculation of operational risk capital that does not appreciably increase overall capital requirements.

Economy

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) wrote to the Federal Reserve today urging the agency to “fully cooperate” with the Government Accountability Office’s investigation of the Fed’s capital planning and stress test regimes.

Economy

In a comment letter to the Department of Treasury today, ABA and the ABA Securities Association applauded the department’s efforts to review the structure and function of the U.S. Treasury market and encouraged Treasury to fully examine the effects of the current regulatory environment on both market activity and bank customers.

Newsbytes

Alternative approaches to the use of credit ratingS, as mandated by Dodd-Frank, pose challenges for regulators and could give rise to new types of services that are similar to rating agencies but subject to less stringent regulation, the Office of Financial Research reported on Thursday.

Newsbytes

In coordination with international trade associations, earlier this week ABA led a delegation of U.S. banks to a Basel Committee on Banking Supervision meeting on the committee’s “step-in risk” proposal, which the committee intends to address the risk that a bank would provide non-contractual financial support to nonbank financial entities.

Community Banking

Speaking at the agency’s community banking conference today, FDIC Vice Chairman Thomas Hoenig again offered a “legislative remedy” for excessive and ill-tailored regulatory burden for banks engaged in what he called “traditional banking activities,” which would encompass most community banks and some regional banks as well.

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