Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Title: Joint Ownership Deposit Accounts Subject: Deposit insurance Agency: FDIC Status: Final rule Summary: The FDIC is amending its deposit insurance regulations to update one of the requirements that must be satisfied for an account […]
Some financial institution contracts with technology service providers lack sufficient detail regarding the contract parties’ respective rights and responsibilities for business continuity and incident response, the federal insurer of bank deposits said Tuesday in a […]
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
Federal Deposit Insurance Corp. (FDIC) Board Member Martin Gruenberg said he voted against issuing the letter to Northern Trust Corp. regarding its living will, citing unrealistic assumptions about the bank’s proposed transfer of uninsured and […]
No deficiencies in resolution plans (or “living wills”) for 14 large, domestic banking and financial firms were identified by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said Friday – unlike […]
Financial institutions mostly engaged in custody banking would be able to exclude those deposits from the supplementary leverage ratio calculation in a proposal issued Friday by the Federal Deposit Insurance Corp. (FDIC) Board. The proposal […]
Thirty-six large banks with more than 2 million deposit accounts each will receive some relief from recordkeeping under one of two proposals issued for comment by the federal insurer of bank deposits Friday. The Federal […]
This story is updated to reflect a clarification published by the FDIC following its initial announcement. The 20 enforcement actions on the Federal Deposit Insurance Corp.’s (FDIC) February list, released Friday, included five orders that […]
The panel that advises the Federal Deposit Insurance Corp. (FDIC) on community bank supervision and other issues has six new members, according to an announcement that coincided with the panel’s meeting Thursday (March 28). The […]
The three federal banking regulators are delaying the April 1 effective date of a regulatory capital rule that addresses the current-expected-credit-loss (CECL) accounting standard until July 1, the agencies said in a notice scheduled for […]
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