Banking Supervision & Regulation

2013

 
 
Date Title Category
December 26, 2013 Regulation Z

A new final interagency rule, published today in the Federal Register, exempts some higher-priced mortgage loans from appraisal requirements established by the Dodd-Frank Act.

Bank Supervision
December 19, 2013 Dodd-Frank Act, Section 342

The federal financial regulatory agencies have extended the public comment deadline for their proposed policy statement on regulated institutions’ diversity policies and practices. The new deadline is February 7, 2014.

Bank Supervision
December 19, 2013 Income Tax

The federal banking regulators are seeking public comment on supplemental guidance designed to clarify how sections 23A and 23B apply to income tax allocation agreements involving holding companies and insured depository institutions. The deadline for public comment is January 21, 2014.

Bank Supervision
December 10, 2013 Volcker Rule

A new final joint rule implements section 619 of the Dodd-Frank Act, commonly known as the “Volcker Rule.” Covered banking organizations must comply with the Volcker Rule’s restrictions on investments and activities by July 21, 2015. This extends by one year the previous compliance deadline.

Bank Supervision
December 6, 2013 Regulatory Capital

A new final rule aligns the Federal Reserve’s market risk capital rule with the Basel III capital framework, which the Board adopted earlier this year. A correction to that framework, also issued today, clarifies the criteria for subordinated debt instruments that may be counted as Tier 2 capital.

Bank Supervision
December 5, 2013 Service Providers

Through new guidance released today the Federal Reserve reminds financial institutions it supervises to exercise appropriate risk management when using service providers.

Bank Supervision
December 5, 2013 Financial Market Utilities

A new final rule sets the requirements Federal Reserve Banks must meet to provide services to financial market utilities that the Financial Stability Oversight Council has designated as systemically important.

Bank Supervision
December 4, 2013 Bank Secrecy Act

A new final rule from the Financial Crimes Enforcement Network and the Federal Reserve, published today in the Federal Register, amends regulations implementing the Bank Secrecy Act in order to maintain the Act’s coverage of funds transfers and transmittals of funds.

Bank Supervision
November 25, 2013 Regulatory Capital

A new final rule, published today in the Federal Register, increases the dollar thresholds for exempt consumer credit and lease transactions under Regulations Z and M.

Bank Supervision
November 19, 2013 Regulatory Capital

The federal bank regulatory agencies have released a new estimation tool to help community banks understand the potential effects of the recently revised regulatory capital framework on their capital ratios.

Bank Supervision
October 24, 2013 Liquidity Standards

A new proposed rule would require large banking and financial companies to hold minimum amounts of assets that can be converted easily and quickly into cash. U.S. firms would have to comply fully with this new liquidity standard by January 1, 2017. The deadline for public comments is January 31, 2014.

Bank Supervision
October 22, 2013 Fair Lending

New interagency guidance, released today, outlines general supervisory principles and expectations related to the Ability-to-Repay and Qualified Mortgage Standards Rule.

Bank Supervision
August 5, 2013 Stress Tests

New proposed guidance, published today in the Federal Register, describes supervisory expectations for annual stress tests conducted by financial companies with total consolidated assets between $10 billion and $50 billion. The deadline for public comment on the proposed guidance is September 25.

Bank Supervision
July 9, 2013 Large BHC Leverage Ratio

A new proposed joint rule would set additional leverage ratio requirements for the largest U.S. bank holding companies. The rule would take effect January 1, 2018. Comments from the public are due 60 days from the proposal's publication in the Federal Register.

Bank Supervision
July 5, 2013 Basel III

A final rule, approved by the Federal Reserve Board today, implements the Basel III regulatory capital reforms and includes some exemptions for community banks. The FDIC and OCC are expected to approve the rule by July 9.

Bank Supervision
June 5, 2013 "Swaps Push-out" Rule

A new rule, effective today, establishes new processes for uninsured U.S. branches and agencies of foreign banks and insured depository institutions that qualify as “swaps entities” under the Dodd-Frank Act. Dodd-Frank’s so-called “swaps push-out rule,” which bars swaps entities from discount window lending and deposit insurance, takes effect July 16. The rule is interim final, and the deadline for public comment is August 4.

Bank Supervision
April 18, 2013 Enhanced Supervision

A new proposal, published today in the Federal Register, would establish annual assessments on systemically important bank holding companies, savings and loan holding companies, and nonbank financial companies. These assessments are designed to cover the costs the Federal Reserve incurs supervising these entities. The deadline for comments is June 15.

Bank Supervision
April 5, 2013 Foreign Exchange

A new final rule, published today in the Federal Register, sets standards for banking organizations that are regulated by the Federal Reserve and conduct certain kinds of retail foreign exchange transactions. The rule takes effect May 13.

Bank Supervision
April 5, 2013 Enhanced Supervision

A new final rule, published today in the Federal Register, defines how holding companies and nonbank financial companies qualify as “predominantly engaged in financial activities” or “significant.” These definitions will help determine which firms require enhanced prudential supervision by the Federal Reserve. The rule takes effect May 6.

Bank Supervision