Tag Archives: risk management

ABA Asks Basel Committee to Withdraw Step-In Risk Proposal

In a comment letter today, ABA called on the Basel Committee on Banking Supervision to withdraw a proposal to set a global regulatory capital requirement to address “step-in” risk -- that is, the risk a bank would provide financial support to nonbank financial entities in times of market stress beyond or in absence of any contractual obligations.

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Curry: OCC Considering Guidance on De-risking

The OCC is taking a closer look at how banks make decisions to terminate business or correspondent relationships to avoid regulatory scrutiny—a process known as “de-risking”—and could issue guidance in the future based on its findings, Comptroller of the Currency Thomas Curry said today.

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FDIC Proposes Deposit Account Recordkeeping Rule

The FDIC today issued a proposal requiring banks with more than 2 million deposit accounts to upgrade their deposit recordkeeping systems to facilitate the determination of FDIC insured deposits in the event of a bank failure.

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Report: Costs of Cybercrime on the Rise

The median cost of cybercrime has increased by nearly 200 percent over the past five years -- costing the global economy approximately $450 billion each year -- and will likely continue to grow, according to a report released yesterday by Hamilton Place Strategies.

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