Financial Regulatory Forum

Small banks await regulatory fix on Trust Preferred Securities portion of the Volcker rule for capital decisions

By Guest Contributor
January 24, 2014

By Bora Yagiz, Compliance Complete

NEW YORK, Jan. 24 (Thomson Reuters Accelus) - Banks that have relied over the years on a special type of assets to fulfill their capital requirements may soon have to restructure their investment portfolios to bring it in line with the Volcker rule limiting risky trading by banks. At stake is the treatment of the Trust Preferred Securities (TRuPS), whose inclusion as “investments in entities referred to as covered funds” such as collateralized loan obligations and collateralized debt obligations, would oblige banks to divest them in compliance with the Volcker rule.

ABA urges U.S. consumer bureau to exercise caution in regulating prepaid debit cards

By Guest Contributor
July 26, 2012

By Emmanuel Olaoye

WASHINGTON/NEW YORK, July 26 (Thomson Reuters Accelus) - The Consumer Financial Protection Bureau should expand the disclosure protections on debit and credit cards to general purpose reloadable prepaid cards, but it should provide flexibility on the disclosures that prepaid card issuers have to make to consumers, a major U.S. banking trade group said on Tuesday.

U.S. banks to prepay fees to cover failure costs

By Reuters Staff
November 13, 2009

By Karey Wutkowski
WASHINGTON, Nov 12 (Reuters) – U.S. banks will prepay three years of industry fees to give the government about $45 billion in cash to handle the rising tide of bank failures, under a rule finalized by the Federal Deposit Insurance Corp on Thursday.

ANALYSIS-Bankers wary of Obama small business lending plan

October 27, 2009

By Karey Wutkowski
CHICAGO, Oct 27 (Reuters) – Community bankers are responding coolly to the Obama administration’s plan to free up small business lending, saying the programs unveiled last week involve unattractive government capital injections and mountains of paperwork.

U.S. bankers gather in Chicago, face protests

By Reuters Staff
October 26, 2009

CHICAGO, Oct 26 (Reuters) – A top banking industry group on Monday defended the practices of traditional banks while facing protesters who railed against Wall Street abuses.

U.S. bank industry groups oppose super bank cop

By Reuters Staff
October 20, 2009

WASHINGTON, Oct 20 (Reuters) – Two major bank industry groups said on Tuesday they oppose a congressional proposal to consolidate federal banking supervision into one regulator. The American Bankers Association and the Independent Community Bankers of America jointly sent a letter to lawmakers saying that maintaining multiple federal regulators provides a helpful range of regulatory perspectives and is a healthy check against any one regulator neglecting its duties.

US wants banks to prepay fees to meet failure bill

By Reuters Staff
September 29, 2009

Chairman of the Federal Deposit Insurance Corporation Sheila Bair briefs the media on the bank and thrift industry earnings for the second quarter of 2009 while in Washington, August 27, 2009. The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss. The FDIC said on Thursday that the industry swung back to a loss in the second quarter after reporting a $7.6 billion profit in the first quarter, primarily due to costs associated with rising levels of bad loans and falling asset values. REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS) By Karey Wutkowski
WASHINGTON, Sept 29 (Reuters) – U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at $100 billion through 2013.

U.S. regulators hone tools to fight persistent bank crisis

By Reuters Staff
August 25, 2009

By Karey Wutkowski

WASHINGTON, Aug 25 (Reuters) – U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors.

FDIC warns U.S. banks they may need more home-equity reserves

By Reuters Staff
August 4, 2009

By Jonathan Stempel
NEW YORK, Aug 3 (Reuters) – A U.S. regulator said on Monday banks may need to boost their reserves for losses on home equity loans, after housing prices fell by roughly one-third from their 2006 peak. (more…)