Fed Launches New Phase in Bank Oversight with Tougher Rules for Systemic Institutions

The Federal Reserve Board Dec. 20 asked for comment by March 31 on a tougher set of regulatory standards for financial firms critical to the well-being of the financial system, leaving some specific items, such as a special risk-based surcharge, to be addressed in follow-up proposals…

FDIC Clears Final Rules on ‘Living Wills,’ Sets Flexible Implementation Schedule

The Federal Deposit Insurance Corporation (FDIC) Sept. 13 cleared a final rule on so-called living wills mandated for certain large banks and critical nonbank financial firms, along with some extra time to put those plans in place…

Commercial Banks, Thrifts Report Best Quarterly Profits Since Crisis

Commercial banks and thrifts reported an aggregate profit of $29 billion in the first quarter of 2011, the highest quarterly net income since the 2007 onset of the financial crisis, according to the latest Federal Deposit Insurance Corporation Quarterly Banking Profile, released May 24…

Federal Reserve Proposes $50 Billion Asset Threshold to Gauge ‘Significant’ Banking, Corporate Ties

The Federal Reserve Board Feb. 8 proposed a $50 billion asset threshold to mark “significant” banking and corporate relationships that a new federal risk council will examine when it analyzes potential threats to U.S. financial stability…

FDIC Opens Dodd-Frank Rulemaking on Pay Limits, Shifts Assessment Burden to Largest Banks

The FDIC Feb. 7 became the first of seven federal agencies to approve a proposed rule to implement Dodd-Frank Section 956 that prohibits incentive based compensation arrangements that encourage inappropriate risk taking by covered financial institutions, and are deemed to be excessive or that may lead to material losses…

BNA INSIGHTS: Higher Minimum Capital Standards: Basel Committee on Banking Supervision Crowns Common Equity King

On Sept. 12, the Group of Governors and Heads of Supervision of the Basel Committee on Banking Supervision (the “Basel Committee Group”) announced capital reforms designed to substantially strengthen…

FDIC Proposes Deposit Insurance Assessment Changes, Large Bank Rule

The Federal Deposit Insurance Corporation board Nov. 9 approved two rules that would make major changes in the way deposit insurance assessments are calculated and in the way largest banks are handled within…

Geithner, EU’s Barnier Pledge to Cooperate on Regulatory Reform, Agree on Trading Rules Deadline

Treasury Secretary Timothy Geithner and European Union Internal Market and Service Commissioner Michel Barnier reaffirmed their commitment Oct. 29 to cooperate on…

New Financial Stability Oversight Council Seeks Feedback on Asset Managers in Oversight of Nonbank Firms

The Financial Stability Oversight Council has asked for feedback on a long list of factors that might trigger new…

BNA INSIGHTS: Dodd-Frank Reform Law’s Impact on Financial Firm Liquidation

The primary stated goal of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act” or the “Act”) 1 is to prevent the failure of the…

Next Page »