Eight recommendations for improving the governance of information technology (IT) initiatives – including revising roles and responsibilities of governance bodies – at the federal bank deposit insurance agency were made in a report issued Thursday […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]
A congressional oversight agency review of civil money penalty (CMP) reporting by federal agencies does not contain information from federal financial institution regulators, primarily because those agencies are not generally required to file agency financial […]
Revised versions of all three call reports, which took effect June 30 and include changes made by recently enacted regulatory relief legislation, must be submitted by July 30, a Financial Institution Letter (FIL) from the […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
A proposed rule giving many banks relief from the “Volcker Rule” – created in 2013 to prohibit proprietary trading by banking organizations – will finally be published Tuesday in the Federal Register, and open to […]
An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]
The Federal Deposit Insurance Corp. (FDIC) is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprised of representatives from the FDIC, the Board of Governors of the […]
Legislation designed to facilitate liquidity in options markets by calling on federal banking agencies to provide targeted capital relief was approved by the House Tuesday on a 368-19 vote. The Options Markets Stability Act (H.R. 5749), […]
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