Senior Credit Officer Opinion Survey

What's up

[ November 24, 2020 ] JPMorgan Chase fined $250 million over unsafe, unsound practices OCC
[ November 24, 2020 ] Rule proposed to determine general performance standards under new CRA rules OCC
[ November 24, 2020 ] NCUA sees progress toward adding ‘S’ to ‘CAMEL,’ OIG report shows NCUA
[ November 24, 2020 ] Revised booklet outlines considerations, decisions regulator makes in thrift conversions OCC
[ November 23, 2020 ] McWatters resigns, Hood says thanks for serving; Hauptman nomination nears action NCUA

Fed’s senior credit officer survey checks the pulse on dealer financing terms from May-August for securities, OTC derivatives

September 24, 2020 0

A Federal Reserve survey conducted between Aug. 11 and Aug. 24 by the Federal Reserve show that price and nonprice terms on securities financing transactions and OTC (over-the-counter) derivatives from mid-May to August were generally […]

Securities dealer financing terms tightened among respondents to Fed survey, report says

June 18, 2020 0

A “substantial fraction” of respondents to the Federal Reserve’s June survey of senior credit officers on dealer financing terms indicated having tightened price and nonprice terms on securities financing transactions and over-the-counter (OTC) derivatives across […]

JPMorgan Chase fined $250 million over unsafe, unsound practices

November 24, 2020 0

A $250 million civil money penalty was assessed against JPMorgan Chase Bank, N.A. (Columbus, Ohio) by the Office of the Comptroller of the Currency (OCC) over past “unsafe or unsound practices” related, among other things, to internal control and audit [...]
Rule proposed to determine general performance standards under new CRA rules

November 24, 2020 0

An approach to determine several general performance standards under new anti-redlining rules – including evaluation measure benchmarks, retail lending distribution test thresholds, and community development minimums – was proposed Tuesday by the regulator of national banks. The proposal issued by the Office [...]
NCUA sees progress toward adding ‘S’ to ‘CAMEL,’ OIG report shows

November 24, 2020 0

A new examination component evaluating market risk sensitivity is expected, according to indications by management, to move closer to being included in the federal credit union regulator’s examination system in 2021, according to the agency inspector general’s latest semiannual report [...]
Revised booklet outlines considerations, decisions regulator makes in thrift conversions

November 24, 2020 0

An overview of policy considerations and decision criteria that the regulator of national banks and federal thrifts considers when reviewing applications from thrifts to convert from mutual to stock form of ownership has been published by the agency, it said [...]