Comments due (Federal Reserve): Stress testing
Modifying company-run stress testing requirements to conform with EGRRCPA (S. 2155) Details: Reg Lookup item
Federal Reserve
Comments due (FDIC, Federal Reserve, OCC): Volcker Rule revisions
Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Volcker rule) Reg Lookup item
Regulation lookup
Enhanced Disclosure of the Models Used in the Federal Reserve’s Supervisory Stress Test
Title: Enhanced Disclosure of the Models Used in the Federal Reserve’s Supervisory Stress Test Subject: Stress testing Agency: Federal Reserve Status: Final rule Summary: The Board is finalizing an enhanced disclosure of the models used […]
Regulation lookup
Stress Testing Policy Statement
Title: Stress Testing Policy Statement Subject: Stress testing Agency: Federal Reserve Status: Final rule Summary: The Board is adopting a final policy statement on the approach to supervisory stress testing conducted under the Board’s stress […]
The Fed
Economy is robust, but ‘crosscurrents’ – including global slowdown – are at play, Fed vice chairman tells group
“Crosscurrents” that are buffeting the economy bear careful scrutiny, particularly as policy uncertainty around the globe remains elevated, the vice chairman of the Federal Reserve told a group Thursday. Speaking to a conference in Washington […]
The Fed
Failure to take action against known improper accounting practices costs bank company $1 million
An Illinois bank holding company will pay a $1 million civil money penalty (CMP) after suffering a $2.7 million loss due to weak internal controls, failure to supervise staff and a lack of segregation of […]
The Fed
Fed publishes final stress test policy statement, decides in favor of enhanced model disclosures
A final stress testing policy statement by the Federal Reserve Board and a final notification of enhanced disclosure of the models used in the Fed’s supervisory stress test, both approved by the board Feb. 22, were […]
The Fed
Concern over CECL accounting standard emerges as focal point during Fed chief’s House appearance
The “current expected credit loss” (CECL) accounting standard became a focal point of interest during a House hearing Wednesday featuring the chairman of the Federal Reserve Board, as did rules adopted by the central bank […]
The Fed
Fed set to adopt final amendments to policy statement on stress-test scenario design framework
A change in the unemployment rate of less than 4% in the severely adverse stress-test scenario may be adopted by the Federal Reserve under certain economic conditions, under a final rule scheduled to be published […]
Regulation lookup
Amendments to Policy Statement on the Scenario Design Framework for Stress Testing
Title: Amendments to Policy Statement on the Scenario Design Framework for Stress Testing Subject: Stress testing Agency: Federal Reserve Status: Final rule Summary: The Board is adopting amendments to its policy statement on the scenario […]