A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The […]
Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), […]
The proliferation of activities of non-bank financial institutions – including their risk to financial stability – are of particular concern to the outgoing board chairman of the bank deposit insurance agency, he said in remarks […]
Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or […]
Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded […]
Once again, federal banking agencies said no action will be taken against banks or other firms that sponsor, manage, or advise investment funds and institutional accounts that become principal shareholders of banks. The agencies made […]
The changing financial institution landscape due to generative artificial intelligence (GenAI) should be approached with “agility and flexibility” by regulators, the outgoing top supervisor at the Federal Reserve said Tuesday. Michael Barr, the Federal Reserve […]
Twenty-two large banks will face annual stress tests this year against a severe global recession with heightened stress in both commercial and residential real estate markets, as well as in corporate debt markets, the Federal […]
A former aide to a Tennessee senator will be the U.S. Treasury Department’s top liaison to the federal financial institution regulators, the Treasury secretary said Wednesday. Luke Pettit was named assistant secretary for financial institutions, […]
In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. […]
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