1,898 results found

When does a bank guarantee or letter of credit constitute a 'covered transaction' under Section 23A of the Federal Reserve Act and Regulation W? The critical distinction lies in whether the affiliate serves as the account party or merely as the beneficiary, a nuance that determines regulatory treatment and compliance obligations. Understanding this difference is essential for banks navigating affiliate transaction rules and quantitative limits.

The Office of the Comptroller of the Currency has finalized comprehensive regulations for payment stablecoin issuers under the GENIUS Act, establishing a bank-like supervisory framework that extends far beyond simple licensing. These new rules impose rigorous requirements including regular examinations, strict reserve standards with specified eligible assets, and operational mandates that will fundamentally reshape how stablecoin issuers operate in the United States.

The OCC named Tanya Smith and Michael McDonald as Deputy Comptrollers for Large Bank Supervision.

The Office of the Comptroller of the Currency ("OCC") issued a final rule to remove "outdated or otherwise unnecessary" rules with the effect of reducing regulatory burden on national banks...

When a bank pledges its own collateral to secure an affiliate's borrowing from a third-party lender, does this arrangement constitute a guarantee under Regulation W? The Federal Reserve's interpretation treats such pledges as covered transactions, with specific measurement rules that reflect the bank's actual exposure. Understanding how to properly classify and measure these arrangements is essential for compliance with quantitative limits.

The PRA published for consultation a draft supervisory statement on the EBA's Guidelines on Disclosure of Encumbered and Unencumbered Assets.

On May 3, 2016, the US Board of Governors of the Federal Reserve System approved a joint notice of proposed rulemaking to establish a net stable funding ratio in the US...

On August 28, 2018, the U.S. Board of Governors of the Federal Reserve System issued an interim final rule increasing the asset threshold for the applicability of the Federal Reserve Board's...

The proposed changes would take effect for the 2016 capital plan and stress testing cycles. Comments on the proposal will be accepted through September 24, 2015.

On December 1, Federal Reserve Board ("FRB") Vice Chair of Supervision Michael Barr gave a speech at the American Enterprise Institute on Bank Capital.

On December 22, 2014, the Basel Committee on Banking Supervision ("Basel Committee") published consultations on: (i) capital floors and the design of a framework based on standardized approaches; and (ii) revisions to the standardized approach for credit risk.

On November 23, 2016, the Basel Committee launched a consultation on proposed revisions to the correspondent banking and account opening annexes of its Committee Guidelines...

The RTS have now been submitted to the European Commission for adoption.

The European Banking Authority (EBA) has published final draft technical standards and revised guidelines on the further specification of the indicators of global systemic importance and their disclosure.

On September 22, the EBA published final guidelines specifying the types of tests, reviews or exercises that may lead to support measures under Article 32(4)(d)(iii) of the BRRD.

The exercise allowed the gathering of aggregate results on capital and liquidity ratios for banks in the European Union and the report summarizes the results using data as of June 30, 2015.

On May 23, 2016, the European Commission adopted RTS on criteria relating to the methodology for setting the Minimum Requirement for Own Funds and Eligible Liabilities (MREL).