Regulatory agencies are focused on the growth of credit risk outside the banking industry, according to remarks by top officials at the ABA Washington Summit today.
Browsing: Tailored regulation
While noting that it appreciates the bank regulators’ intent in their recent proposal to raise the thresholds at which bank directors or other management officials are prohibited from serving at more than one depository institution or holding company—and expressing support for an inflation-indexed increase in the thresholds—ABA today cautioned against an arbitrary asset threshold for defining a community bank.
In an American Banker op-ed today, ABA EVP Wayne Abernathy questioned the effectiveness of the more than two dozen regulatory capital requirements that banks are subject to and highlighted the need for greater tailoring.
In her first public appearance as a member of the Federal Reserve Board, Fed Governor Michelle Bowman today encouraged bankers to keep the lines of communication open with the regulatory agencies, emphasizing that “clear communication can help us all do our jobs better.”
In a deeply personal speech at a Florida Bankers Association event last night, FDIC Chairman Jelena McWilliams offered her perspectives on the U.S. financial system and how having an appropriately tailored regulatory framework enables banks to help their customers live the American dream.
The American Bankers Association today offered its support for two proposals designed to tailor enhanced prudential standards for banking firms with $100 billion or more in assets.
In a letter to Federal Reserve Vice Chairman for Supervision Randal Quarles in late December, the American Bankers Association urged the Fed to issue an interim final rule providing relief from the 2019 stress testing cycle for smaller regional institutions (“Category IV banks”).
Key regulatory changes and business trends will drive bank mergers and acquisitions in 2019, two top bank deal lawyers say on the latest episode of the ABA Banking Journal Podcast.
Look for 2019 bank mergers to be driven by large deals in metro markets, smaller banks on the buy side and de novo groups acquiring rural banks.