Latest developments from the Office of the Comptroller of the Currency (regulator of national banks)
Federal banking agencies’ recent decision to delay the estimated impact on regulatory capital stemming from implementation of the accounting industry governing board’s current expected credit losses (CECL) standard took effect officially on March 31, and […]
A proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring “covered funds” will continue to be open to comment until May 1; Wednesday was the previous deadline. In a […]
Six banks received “outstanding ratings” – and none received less than “satisfactory” – among the 28 evaluations of banks for compliance with anti-redlining laws and rules made public last month, the federal regulator of national […]
Federal banking examiners will use tier 1 capital plus the appropriate allowance for loan and lease losses or the allowance for credit losses attributed to loans and leases (as applicable) for the denominator when calculating […]
A revised bank examiners booklet on interest-rate risk was released Thursday by the Office of the Comptroller of the Currency (OCC) and replaces the one of the same name issued in June 1997. The “Interest […]
Mitigating effects of the current expected credit loss (CECL) accounting standard for up to two years in banks’ regulatory capital standard is the aim of an interim final rule issued Friday by the federal banking […]
The banking agencies postponed a joint webinar initially set for 2 p.m. ET Friday dealing with troubled debt restructuring (TDR) in the context of working constructively with borrowers affected by the coronavirus crisis. The agencies […]
Banks, savings associations, and credit unions were urged in a statement by regulators Thursday to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19, the illness caused by the novel coronavirus. […]
Financial institutions will not face any action for filing a call report after the due date of March 31, as long as the institution files the report within 30 days of the due date, the […]
Title: Short-Term Investment Funds Subject: Short-term investment fund rule Agency: OCC Status: Interim final rule; request for comments Summary: The OCC is adopting an interim final rule to revise the OCC’s short-term investment fund (STIF) […]
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