A resolution of a financial institution failure driven by a cybersecurity “incident” would present unique operational, confidence and other challenges that regulators are not necessarily equipped to handle, the head of the federal insurer of […]
A new office to consolidate supervision of large, complex banks and systemically important financial institutions is part of an overall effort to strengthen the federal insurer of bank deposits’ work in the areas of supervision […]
An update on various initiatives was provided by the leader of the federal insurer of bank deposits Wednesday – but did not include any new details of an “office of innovation” promised by the agency […]
Federal banking regulators are focusing on three areas for proposing reform of rules implementing anti-redlining laws – but one of those regulators walked back a timeline Tuesday as to when those reform proposals will surface […]
A “draft document for internal discussion” about revamping rules implementing the anti-redlining Community Reinvestment Act (CRA) could be ready within the next week, with a notice of proposed rulemaking possible later this summer, the board […]
Three top staff member appointments were announced Tuesday by the Federal Deposit Insurance Corp. (FDIC), including a replacement for the departing general counsel of the agency. Nick Podsiadly will become general counsel of the deposit […]
About 10,000 website views per week of publicly available, previously unpublished information – and 50,000 unique visitors to the site – are signs that the federal bank deposit insurer’s program for greater transparency is having an […]
More work still has to be done to make proposed changes to the “Volcker Rule” so that banks have more certainty, including what types of trading are prohibited under the regulation, the chairman of the […]
The general counsel for the federal insurer of bank deposits is leaving after four years in the post, the agency announced Monday; the agency gave no indication of why he is leaving, or where he […]
The federal insurer of bank deposits is moving forward on its proposed “office of innovation,” but operation is still a few months away, the chairman of the agency’s board said Thursday. In a press conference […]
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