NYDFS Outlines Expectations for Managing Climate Risks
The New York Department of Financial Services today issued a letter to state-regulated financial institutions outlining the department’s expectations for managing climate change risk.
Browsing: Systemic risk
Fed’s Powell: Financial System ‘Generally in a Good Place’
Federal Reserve Chairman Jerome Powell told House lawmakers today that the U.S. financial system is “strong, and has been materially strengthened since the financial crisis.”
N.Y. Fed: Large Bank Holding Companies’ Risk Profiles Decline
Since the financial crisis, large bank holding companies have seen notable declines in key risk factors, with several risk indicators near or below pre-crisis levels, according to researchers at the Federal Reserve Bank of New York.
ABA Raises Concern About Tailoring Proposal for Foreign Banking Organizations
ABA on Friday submitted feedback to the federal regulatory agencies on a recent proposal to tailor prudential regulations for foreign banking organizations.
Bonus Podcast: Why Leveraged Lending Is a Hot Topic
With leveraged lending-related risk on regulators’ minds — and on the agenda of the House Financial Services Committee tomorrow — the ABA Banking Journal Podcast discusses the issue with ABA Senior Economist Curtis Dubay.
Quarles Defends Fed Decision to Hold Capital Buffer at Zero
Federal Reserve Vice Chairman for Supervision Randal Quarles today defended the agency’s decision to hold the countercyclical capital buffer for banking organizations using the Basel III advanced approaches at zero percent for the third year in a row, noting that financial vulnerabilities remain within their normal range.
Fed’s Quarles: Global Regulators Keeping Close Eye on Big Tech, Shadow Banking
Prominent on the Financial Stability Board’s 2019 agenda are the role of big technology firms in financial services and the growth of shadow banking, Federal Reserve Vice Chairman for Supervision Randal Quarles said in a speech in Germany today.
Fed Proposes Rule to Harmonize Company-Run Stress Testing Requirements with S. 2155
The Federal Reserve today issued a proposed rule that would make changes to its framework for company-run stress tests to conform with Section 401 of the S. 2155 regulatory reform law.
OCC Warns of Risk from Rising Corporate Debt
Exposure to rising corporate debt — including bonds and loans — was among several key risk themes identified by the OCC in its semiannual risk report released today.
Fed Finalizes SIFI Risk Rating System
The Federal Reserve today finalized a new supervisory rating scale for large bank holding companies to better harmonize the ratings system with its existing supervisory program.