Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Following no comments received last fall, the three federal banking agencies are moving forward on their proposal to combine three separate, yet identical, stress test reports into a single new Federal Financial Institutions Examination Council […]
A new chapter in the bankruptcy code for distressed financial companies would be a “more effective option” than existing requirements for “orderly liquidation authority (OLA),” the Treasury Department recommended Wednesday. In a report to President […]
A 60-day comment period will start as early as Wednesday on proposed swap margin requirements to conform with recent rule changes imposing new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, […]
The Government Accountability Office (GAO) this week released completed audit reports for the financial statements of the Deposit Insurance Fund (DIF) and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) for the […]
The “living wills” process for resolving the largest U.S. financial institutions has proven “enormously helpful” to both firms and regulators, but there is more work to be done in four particular areas to improve the […]
Posting losses of $1.1 billion, but which were absorbed by premium assessments on insured banks, the Federal Deposit Insurance Corp. (FDIC) Deposit Insurance Fund (DIF) finished fiscal year 2017 with a reserve ratio of 1.28% […]
References to “external credit ratings” related to permissible investment activities and pledging of assets have been removed from international banking regulations by the federal deposit insurer and replaced with “appropriate standards of creditworthiness.” In a […]
Nominations for the chairman of the Federal Deposit Insurance Corp. (FDIC) Board, a member of the Federal Reserve Board and the insurance representative for the Financial Stability Oversight Council (FSOC) were all approved Thursday by […]
One bank receiving an “outstanding” rating and four others receiving “needs to improve” scores were among the 43 financial institutions listed in evaluations during November for compliance with the Community Reinvestment Act (CRA), released by […]
The Federal Deposit Insurance Corp. (FDIC) Tuesday became the third federal banking regulator to issue its stress test scenarios for 2018 for certain financial institutions with more than $10 billion in assets. According to the […]
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