In remarks at the Mercatus Center, FDIC Vice Chair Travis Hill posed discrete questions to policymakers on "minimizing the risk and severity of disorderly bank failures."
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The OCC, FRB and FDIC requested comment on a set of rules as part of a process to identify "outdated" or "unnecessary" regulatory requirements on insured depository institutions and their holding companies.
The OCC, the Federal Reserve Board ("FRB") and the FDIC (collectively, the "Agencies") set effective dates on amendments to rules implementing the Community Reinvestment Act ("CRA"). The agencies published the rule and the effective dates in the Federal Register.
FDIC Director Jonathan McKernan expressed skepticism on the Basel Committee's proposed "endgame" for capital standards.
The Federal Reserve Board and the FDIC adjusted the asset-size thresholds for "small bank" and "intermediate small bank" as required under Community Reinvestment Act regulations.