The Fed
Federal Reserve
The Fed
Quarles to tell House panel: regulatory framework strong, but improvements are still possible
While the Federal Reserve has taken steps to make the current regulatory framework more effective, that framework can still be improved – while continuing to monitor for emerging risks to the financial system, the central […]
The Fed
President picks two to fill Fed Board vice chairman, governor posts
The president plans to nominate an academic and a Kansas state bank regulator to terms on the Federal Reserve Board, the White House announced Monday. The Fed Board has seven seats, but only three are […]
The Fed
Fed proposes 3-year phase-in for effects of CECL on regulatory capital
Providing an option to phase in over three years the effects on regulatory capital of the new current expected credit loss (CECL) accounting standard is the aim of a notice of proposed rulemaking issued by […]
CFPB
Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
Hearing: Senate Banking Committee
COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS Hearing on “The Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System.” Witness: The Honorable Randal K. Quarles, Vice Chairman for Supervision, Board of […]
Legislation
House adopts bills limiting stress-test frequency, oversight of non-bank banks
Limiting the frequency of “stress tests” that measure the ability of banks to withstand economic challenges, and restraining the scope of regulation over non-bank banks, were the focus of two bills passed by the House […]
OCC
Agencies propose ‘enhanced supplementary leverage ratio’ for large banks
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
Legislation
House gives thumbs up to ‘Volcker rule’ exemption and exclusive Fed rulemaking
A bill giving the Federal Reserve Board sole rulemaking authority over the so-called “Volcker rule,” exempting most “community banks” from the provision, was adopted by the House Friday on a vote of 300-104. The Volcker […]
CFPB
Proposed CFPB structure, mission changes belong to acting director – not Trump, other agencies – Mulvaney tells committee
Significant changes to the structure and mission of the federal consumer financial protection agency recommended by the agency’s acting director in House testimony Wednesday are his and not those of the White House or any […]