Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
All federally supervised banks and savings associations that have less than $250 billion in assets would be exempt from regulators’ company-run stress test requirements under proposed rules issued Tuesday to implement provisions of this year’s […]
A final rule allowing a three-year phase-in of new accounting rules to ease the impact for banks on regulatory capital requirements was approved by the Federal Deposit Insurance Corp. (FDIC) Board Tuesday. The final rule […]
The minimum threshold for applicability of stress tests would jump from $10 billion to $250 billion, the frequency of required stress tests would move to “periodic,” and the number of required stress testing scenarios would […]
A former president and board chairman of a now-defunct Oklahoma bank was sentenced to four years in federal prison for making a false statement to the Federal Deposit Insurance Corp. (FDIC) and was ordered to […]
An operating budget that is 2.3% lower than the previous year was approved for 2019 by the Federal Deposit Insurance Corp. (FDIC) Board Tuesday, continuing a downward trend for the agency that started after the […]
A proposel to ease Volcker Rule restrictions on community banks’ proprietary trading consistent with this year’s financial regulatory relief law was issued Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board, but not before one […]
A former senior employee of the Federal Deposit Insurance Corp. (FDIC) was convicted by a federal jury in Brooklyn, N.Y., Dec. 11 for stealing agency files on banks’ living will (resolution) plans and now faces […]
Seven recommendations were made to address interconnection issues uncovered during an audit of information systems, according to the Federal Deposit Insurance Corp. (FDIC), including to modify the agency’s existing policies and procedures to meet standards […]
A spate of proposed and final rules, and a teleconference on community bank capital requirements – both against the background of the Federal Reserve’s rate-setting committee’s meeting – highlight the regulatory calendar for the week […]
Recommendations for, among other things, recovering at least $47,500 in information technology (IT) support costs termed “not adequately supported” or “unallowable” were made in recent Office of Inspector General (OIG) report to the Federal Deposit […]
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