The FDIC alerted FDIC-supervised institutions of a recently effective Consumer and Financial Protection Bureau rule that implements and clarifies Home Mortgage Disclosure Act amendments made by the Economic Growth, Regulatory Relief and Consumer Protection Act.
The FDIC, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency proposed revisions to the Consolidated Reports of Condition and Income ("Call Reports").
Federal Reserve Board Governor Jerome Powell lauded the progress made by the U.S. financial system since the financial crisis and identified five areas that could benefit from additional regulatory reform.
The FDIC, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System reminded banks that they must submit their Consolidated Reports of Condition and Income ("Call Reports") for the first quarter of 2017 by April 30, 2017.
In a Joint Report submitted to Congress, member agencies of the Federal Financial Institutions Examination Council and the National Credit Union Administration outlined interagency and agency actions to reduce regulatory burdens on financial institutions.
A financial services firm and its parent company agreed to pay a $120 million penalty to settle CFTC charges that it submitted false reports in an attempt to manipulate a global benchmark for interest rate products.
The Board of Governors of the Federal Reserve System extended the comment period for a proposal that would enhance risk-based capital requirements for financial holding companies engaged in physical commodity and merchant banking investment activities.
In an article published in the Federal Reserve Bank of New York Economic Policy Review, economists examined the "role of financial reporting in resolving agency conflicts among a firm’s managers, directors, and capital providers."
The Board of Governors of the Federal Reserve System requested comment on its proposal to enhance risk-based capital requirements on financial holding companies engaged in activities related to physical commodities and merchant banking investments. The request for comment was published in the Federal Register.
The Board of Governors of the Federal Reserve System requested comments on a proposal to enhance risk-based capital requirements on financial holding companies engaged in activities related to physical commodities and merchant banking investments.
The FDIC and other banking agencies solicited comments on a proposal to: (i) streamline the Consolidated Reports of Condition and Income ("Call Reports") for eligible small institutions, and (ii) reduce the regulatory burden of the remaining versions of Call Reports.
The New York Department of Financial Services adopted standards for filtering programs that monitor transactions for potential anti-money laundering and Bank Secrecy Act violations and block transactions that are prohibited by the Treasury's Office of Foreign Assets Control.
The CFTC issued two orders against a bank and its affiliates for benchmark abuses, currency manipulation and attempting to file false reports. The combined orders levied $425 million in penalty charges.
The CFTC entered an order and simultaneously settled charges against an Australia-based financial services company for failing to comply with the obligation to submit accurate large trader reports ("LTRs") for physical commodity swap positions. This failure violated Section 4s(f) of the CEA and...
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