Banking and capital markets regulatory trends has been saved
Close
Banking
Federal Reserve Board proposes significant changes to several regulatory reports
The Board of Governors of the Federal Reserve System (FRB) recently published proposals to revise the Consolidated Financial Statements for Holding Companies (FR Y-9C), the Capital Assessments and Stress Testing information collection (FR Y-14Q), and the Report of Selected Money Market Rates (FR 2420).
false
Close
Banking
OCC finalizes revisions to its recovery planning guidelines
On October 21, 2024, the OCC finalized revisions to its recovery planning guidelines, codified at 12 CFR part 30, Appendix E (Finalized Guidelines). The Finalized Guidelines retain all the substantive provisions included in the initial proposal with some moderate extension of compliance timelines for new covered banks.
false
Close
Banking
Regulatory management as strategy: Perspectives on regulatory remediation
This is the third of four perspectives we are issuing in our “Regulatory management as strategy” series. While this series generally is geared toward more complex and large banking organizations (e.g., Categories I–IV), we believe that many of these practical insights may help inform regulatory engagement by community and regional banks under $100 billion in assets as well.
false
Close
Banking
Shifting tides: The future of bank liquidity regulation
Banks are bracing for a series of anticipated changes aimed at enhancing liquidity management and ensuring greater financial stability. These changes, catalyzed by banking failures in spring 2023, underscore the importance of employing appropriate liquidity frameworks to withstand financial stresses.
false
Close
Banking
Regulation W: The wall remains
Regulation W compliance is more than just a regulatory requirement—it’s a cornerstone of sound banking practices. Understand its nuances to help improve your risk management strategies and navigate the intricate regulatory landscape with ease and confidence.
false
Close
Capital markets
SEC approves changes to Reg NMS to reduce transaction costs and improve market transparency
On September 18, 2024, the Securities and Exchange Commission (SEC) voted to approve several updates to Regulation National Market Securities (Reg NMS) including the minimum pricing increments (i.e., tick size) across all venues, reducing the access fee caps, requiring all fees be known prior to the trade, enhancing the transparency of better priced orders by standardizing round lot and odd lot definitions and providing odd lot pricing in market data.
false
Close
Banking
Banking agencies and Department of Justice update their approaches to bank mergers
On September 17, 2024, the FDIC, OCC and DOJ took steps to strengthen oversight of bank mergers, finishing a process that has been in the works for several years. The updates refresh an approach that has been in place since the 1990s, and the changes reflect a modernized banking market (banking consolidation, interstate banking, online banking, among others).
false
Close
Banking
FDIC proposes recordkeeping requirements for custodial deposit accounts
On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board of Directors unanimously approved a notice of proposed rulemaking (NPR) that would require additional recordkeeping for bank deposits received from third-party, nonbank companies that accept those deposits on behalf of consumers and businesses.
false
Close
Banking
So, do you still want to be a bank in 2024?
As the banking industry continues to consolidate, the distinct advantages of banks (e.g., access to payments systems, insured deposits, ability to issue credit and debit cards, and interstate lending) make bank charters an invaluable asset.
false
Close
Banking
BCBS issues principles for the sound management of third-party risk
As the banking sector undergoes rapid digitalization, BCBS issued “Principles for the sound management of third-party risk” on July 9, 2024, with a comment period through October 9, 2024.
false
Close
Banking
FDIC proposes rules limiting integrated business models of IBs and their parent companies
On July 30, 2024, the FDIC approved a notice of proposed rulemaking to amend Part 354 of the FDIC Rules and Regulations governing parent companies of IBs, which revises part 354 to clarify and enhance the agency’s framework to supervise industrial banks, mitigate risks to the Deposit Insurance Fund, and provide necessary transparency for market participants.
false
Close
Banking
FDIC issues proposal on brokered deposit restrictions
On July 30, 2024, the FDIC Board of Directors, by a vote of 3-2, approved a notice of proposed rulemaking that would make several significant revisions to the agency’s rules on brokered deposits (12 CFR 337.6).
false
Close
Banking
FDIC approves final guidance to enhance resolution planning at large banks
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) Board of Directors unanimously approved final guidance for Title I Resolution Plan triennial full filers largely as proposed and extended the submission deadline from March 31, 2025, to October 1, 2025.
false
Close
Banking
Agencies issue final rule on quality control standards for automated valuation models
On July 17, 2024, six federal regulatory agencies—the Federal Reserve Board of Governors (FRB), Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and National Credit Union Administration (NCUA) (collectively, the Agencies)—issued a final rule to implement quality control standards for AVMs used by mortgage originators and secondary market issuers in valuing those homes.
false
Close
Banking
Acting Comptroller Hsu discusses banks’ role in addressing consumer fraud
On July 10, 2024, Acting Comptroller of the Currency Michael J. Hsu discussed the scale of consumer financial fraud and ways financial institutions can better protect consumers from scams, including those stemming from new technologies such as artificial intelligence (AI).
false
Close
Banking
Proposed FR Y-14 changes, new data requirements and reporting guidance
The Federal Reserve Board of Governors (FRB) proposed changes to the Capital Assessment and Stress Testing Reports (FR Y-14A, FR Y-14Q, FR Y-14M) on June 21, 2024. These revisions are significant.
false
Close
Capital markets
SEC finalizes amendments to Regulation S-P
On May 15, 2024, the Securities and Exchange Commission (SEC) finalized amendments to Reg S-P that modernize the agency’s customer information protection rule, which was initially adopted in 2000.
false
Close
Banking
Dodd-Frank Act Stress Test (DFAST) Results June 2024
The Federal Reserve Board (FRB) released the results of the latest Dodd-Frank Stress Test (DFAST) on June 26, 2024. All 31 banks subject to the stress test stayed above their minimum capital requirements in the stress scenario, even with aggregated projection of $685 billion in losses under the hypothetical severe downturn where the banks had more than twice the amount of minimum capital required.
false
Close
Banking
Regulatory management as strategy – July 2024
This is the second of four perspectives we are issuing in our “Regulatory management as strategy” series. While this series generally is geared toward more complex and large banking organizations (e.g., Categories I–IV1), we believe that many of these practical tips should help inform regulatory engagement by community and regional banks under $100 billion in assets as well.
false
Close
Banking
OCC proposes revisions to its recovery planning guidelines
On June 24, 2024, the Office of the Comptroller of the Currency (OCC) issued a proposal to revise its recovery planning guidelines, codified at 12 CFR part 30, Appendix E (Proposed Guidelines).
false
Close
Banking
'Weapon and tool' - systemic risk implications of AI in banking and finance
On June 6, 2024, Acting Comptroller of the Currency Michael J. Hsu delivered remarks at the Conference on Artificial Intelligence and Financial Stability, hosted by the Financial Stability Oversight Council (FSOC) in partnership with the Brookings Institution, wherein he discussed systemic risk implications of artificial intelligence (AI) and offered his thoughts on approaches to AI deployment to improve its safety.
false
Close
Banking
Back to basics: Lessons learned from recent banking turmoil and evolution of governance practices
In response to recent market events, US banking regulators have continued to reinforce their supervisory expectation across three key areas—strong governance, risk management, and controls— through new regulations, supervisory guidance, and targeted inspections and examinations.
false
Close
Capital markets
New repo data collection introduced by the Office of Financial Research (OFR)
On May 6, 2024, the Office of Financial Research (OFR) finalized a new data collection for non-centrally cleared bi-lateral transaction in the US repurchase agreement market (NCCBR).
false
Close
Capital markets
Federal banking agencies release community bank guide on third-party risk management
On May 3, 2024, the federal banking agencies released a guide to support community banks in managing risks presented by third-party relationships (Guide). The Guide is intended to be a resource for community banks in providing considerations, resources, and examples through each stage of the third-party relationship.
false
