Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability […]
A requirement that larger banks maintain a minimum amount of readily available liquidity with a pool of reserves and pre-positioned collateral at the discount window, based on a fraction of their uninsured deposits, is being […]
Banking regulators should prioritize safety and soundness in 2024 – rather than broad, policy-oriented areas such as climate change – as a way of ensuring that the trauma created by the failures last year of […]
Engaging an independent third party to conduct a review of the Federal Reserve’s actions before the failures of three large regional banks last spring was, again, advocated Monday by a member of the Federal Reserve […]
First Republic Bank of San Francisco received a CAMELS rating of “2” from 2018 up until its failure in May 2023, with its component Liquidity rating upgraded to “1” in 2021 despite its reliance on […]
Having in place appropriate rules and supervisory practices for banks of the size that failed in March and early May, and the resulting stress for other banks, highlight the importance of appropriate rules and supervision, […]
A Federal Reserve governor flatly repudiated the notion that recent interest rate increases by the agency’s rate-setting committee led to the failure of three large regional banks this past spring and other trouble in the […]
The Federal Reserve should not “remotely” analyze a bank and downgrade its ratings without “communication and justification,” a member of the agency’s board told a Texas group Friday. Speaking to the Texas Bankers Association in […]
Banking regulators should take additional steps to understand the recent failure of three banks, and hold themselves accountable, a governor of the Federal Reserve said Friday – including by conducting an independent, third-party review of […]
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