The OCC, Board, FDIC, FCA, and FHFA are issuing this interim final rule to provide covered swap entities additional time to comply with the Swap Margin Rule’s phases 5 and 6 initial margin implementation deadlines. […]
Nine banks earned ratings of “outstanding” for June in their performance evaluations for adhering to anti-redlining requirements, the regulator of national banks said Friday. One of those banks is among the largest in the country: […]
Federal banking agencies released their latest batch of Community Reinvestment Act (CRA) evaluation ratings Thursday, and of the 97 banks on the two lists, none was labeled for “substantial noncompliance.” Instead, 17 of the institutions […]
Federal and state regulators on Wednesday urged financial institutions to continue working to transition away from using LIBOR (the London Interbank Offered Rate) as a reference rate in any products, and they said supervision of […]
A new booklet on unfair or deceptive acts or practices (UDAP) and unfair, deceptive, or abusive acts or practices (UDAAP) was published by the federal regulator of national banks and federal savings associations Monday. The […]
Trading revenue for U.S. commercial banks and federal savings associations declined in the first quarter of the year, totaling $6.7 billion. That’s down $505 million, or 7%, from the fourth quarter of 2019, the Office […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the Agencies) […]
Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]
An updated list of questions and answers aimed at providing insight to changes to flood insurance requirements under new rules regarding loans in special flood hazard areas were released for comment Friday by federal banking […]
With its vote Thursday – on a split vote (again) – the federal insurer of bank deposits jumped on board changes by federal banking and securities regulators to swap margin rules aimed at what they […]
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