Federal Reserve Board Governor Michelle W. Bowman urged banking regulators to prioritize their attention in the new year on (i) fundamental risks such as liquidity and interest rates; (ii) tailoring regulations to the size, complexity and business model of institutions; and (iii) increasing "supervisory transparency."
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FDIC Director Jonathan McKernan expressed skepticism on the Basel Committee's proposed "endgame" for capital standards.
SIFMA recommended changes to the CFPB's proposed rule that would allow consumers to access their financial data and provide such data to others.
The New York State Department of Financial Services issued guidance for financial institutions on the "management of material financial and operational risk from climate change."
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.