In a letter to Federal Reserve Vice Chairman for Supervision Randal Quarles today, six Republican senators called on the Fed to more closely tailor regulations for banks with more than $100 billion in assets.
In remarks at ABA’s Summer Leadership Meeting in Salt Lake City today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed would act sooner than required by S. 2155 to tailor prudential standards for banks between $100 billion and $250 billion in assets.
The Federal Reserve Board today approved a final rule limiting the amount of credit exposure that the nation’s largest banks can have to each other and to other counterparties.
In a comment letter today, ABA expressed support for a proposal by the Federal Reserve and the OCC that would tailor the enhanced supplementary leverage ratio that applies to the eight global systemically important banks.
In a comment letter to the Federal Reserve today, the American Bankers Association raised concerns about the Federal Reserve’s proposed supervisory rating scale for large bank holding companies with more than $50 billion in assets.
Recent proposals by the Federal Reserve that together attempt to bring more transparency to stress testing exercises mark an “important step” in an ongoing process, the American Bankers Association said in a comment letter today.
ABA today wrote to House leaders in support of H.R. 3312, the Systemic Risk Designation Improvement Act of 2017 — a key part of the association’s Blueprint for Growth — which is expected to be up for consideration before the full House tomorrow.
The growing applications of artificial intelligence and machine learning technology in financial services holds the promise of making the financial system more efficient but may pose new risks in third-party reliance, audit and interconnectedness, according to a report released today by the Basel, Switzerland-based Financial Stability Board.
The Office of Financial Research today introduced two new monitoring tools to assist with tracking and measuring of factors that pose risks to financial stability.
With cleanup efforts beginning to get underway and many communities still experiencing heavy flooding along the Gulf Coast in the wake of Hurricane Harvey, American Bankers Association SVP Doug Johnson discussed the status of the banking industry today on CNBC’s “Closing Bell.”