Regulatory News

Banking Supervision & Regulation

 
 
Date Title Category
March 24, 2014 Appraisal Management Companies

A new proposed rule would set registration and supervision requirements for appraisal management companies (AMCs), which act as intermediaries between appraisers and lenders. In states that don’t certify and license AMCs, the rule would bar AMCs from providing appraisal management services for real estate transactions involving federal regulated banking entities. Public comments are due in 60 days.

Bank Supervision
March 13, 2014 Stress Tests

Final supervisory guidance, published today in the Federal Register, describes general expectations for the stress tests the Dodd-Frank Act requires banks and holding companies to conduct on their own. The guidance applies to mid-sized banks and holding companies, those with between $10 billion and $50 billion in total assets.

Bank Supervision
January 6, 2014 Regulation A

A new proposed rule, published today in the Federal Register, implements the Dodd-Frank Act’s requirements for emergency lending by the Federal Reserve. The deadline for public comment is March 7, 2014.

Bank Supervision
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 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 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 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
Date Title Category
October 12, 2012 Stress Tests

Final stress-testing rules, published today in the Federal Register, require the largest bank holding companies and their state member bank subsidiaries to conduct their own stress tests this fall and disclose those results next spring. Holding companies with total assets between $10 billion and $50 billion must conduct their first stress tests in the fall of 2013 and do not need to publicly disclose those first tests’ results.

Bank Supervision
August 27, 2012 Stress Tests

The Federal Reserve is considering whether to delay the effective date of certain Dodd-Frank Act stress-testing requirements. The delay under consideration, which would apply to company-run stress tests at bank holding companies, state member banks, and savings and loan holding companies with between $10 billion and $50 billion in total consolidated assets, would help ensure that these companies have sufficient time to develop their stress-testing programs.

Bank Supervision
August 8, 2012 Basel III

The Federal Reserve has extended the public comment period on the proposed interagency rule, designed to implement the Basel III regulatory capital reforms, until October 22.

Bank Supervision
July 30, 2012 Regulation HH

A new final Federal Reserve rule establishes risk-management standards for financial market utilities (FMUs) the Financial Stability Oversight Council designates as systemically important. The rule also sets standards these designated FMUs must meet when they intend to make material changes to their rules, procedures, or operations. The rule takes effect September 14.

Bank Supervision
July 12, 2012 Banking Applications

New supervisory guidance outlines a new optional process by which banking organizations can seek the Federal Reserve’s feedback on potential bank acquisitions or other proposals. This new pre-filing process is intended to help ease and shorten the formal application process for infrequent filers, like some community banks, or potential filers with novel proposals.

Bank Supervision
June 29, 2012 Riegle-Neal Act

The federal banking regulatory agencies have updated their host state loan-to-deposit ratios, which the agencies use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.

Bank Supervision
June 7, 2012 Capital Rules

Changes to the market risk capital rule, which requires banking organizations with significant trading activities to adjust their capital requirements to account for market risk, are now final. The approved final rule takes effect January 1, 2013.

Bank Supervision
June 7, 2012 Capital Rules

Three new proposed rules seek to establish an integrated regulatory capital framework. Public comments are due September 7.

Bank Supervision
June 4, 2012 Securities Holding Companies

A new final rule, published today in the Federal Register and effective July 20, outlines the procedure by which an SHC, a nonbank company that owns at least one registered broker-dealer, can choose Federal Reserve supervision.

Bank Supervision
June 4, 2012 Supervisory Coordination

As part of an effort to minimize unnecessary regulatory burden, the federal financial prudential regulators and the Consumer Financial Protection Bureau have entered a Memorandum of Understanding to coordinate the supervision of insured depository institutions with greater than $10 billion in assets.

Bank Supervision
May 14, 2012 Stress Tests

A new statement from the Federal Reserve, FDIC, and OCC clarifies that stress-testing requirements for banking organizations with total consolidated assets of greater than $10 billion don’t apply to community banks. Community banks should have a sound risk management program, however, that allows them to analyze the potential effect of adverse outcomes.

Bank Supervision
April 10, 2012 Dodd-Frank Act

A new proposed amendment to Regulation Y, published today in the Federal Register, would clarify the definition of “financial activities,” one of the key criteria used to determine whether a company is subject to Title I of the Dodd-Frank Act. The deadline for public comment is May 25.

Bank Supervision
March 30, 2012 Leveraged Finance

Proposed new guidance, published today in the Federal Register, would replace existing interagency guidance and focus on five main areas: risk-management frameworks; underwriting standards; valuation standards; pipeline management; and reporting and analytics. The deadline for public comment is June 8.

Bank Supervision
February 2, 2012 ALLL Guidance

New supervisory guidance on allowance for loan and lease losses (ALLL) estimation practices, out today, reminds regulated financial institutions to monitor all credit quality indicators relevant to credit portfolios, including loans and lines of credit secured by junior liens on one- to four-family residential properties.

Bank Supervision
Date Title Category
August 31, 2011 Securities Holding Companies

A new proposal outlines procedures for securities holding companies to elect Federal Reserve supervision. Public comments on the proposal are due October 11.

Bank Supervision
August 22, 2011 Savings and Loan Holding Companies

The Federal Reserve proposes a two-year phase-in for regulatory reporting requirements for most savings and loan holding companies and an initial reporting exemption for others. Public comments on the proposal are due November 1.

Bank Supervision
June 15, 2011 Stress Tests

New federal supervisory guidance, published June 15 in the Federal Register, outlines general principles for satisfactory stress-testing practices at banking organizations with total consolidated assets of $10 billion or greater. Public comments on the guidance are due July 29.

Bank Supervision
June 14, 2011 Risk-based Capital

A final rule, adopted by the Federal Reserve, OCC and FDIC, sets a floor for the risk-based capital requirements applicable to the largest, internationally active banking organizations. The rule takes effect 30 days from publication in the Federal Register.

Bank Supervision
June 13, 2011 Small BHCs

An interim final rule, effective upon publication in the Federal Register, will allow small bank holding companies that are S-Corp or Mutual BHCs to exclude certain kinds of subordinated debt from treatment as debt for purposes of the Federal Reserve's Small BHC debt-to-equity standard. Public comments on the rule are due July 30.

Bank Supervision
June 10, 2011 Capital Plans

Under a new proposal, top-tier BHCs with total consolidated assets of $50 billion or greater would have to submit annual capital plans for review by the Federal Reserve. Public comments on the proposal are due August 5.

Bank Supervision
June 7, 2011 Credit Risk Retention

The deadline for public comment on the federal financial regulatory agencies' proposal has been extended to August 1.

Bank Supervision
April 15, 2011 Savings & Loan Holding Companies

The Federal Reserve, which assumes supervisory and regulatory authority for savings & loan holding companies (SLHCs) and their non-depository subsidiaries on July 21, seeks comment on its proposed supervisory approach to SLHCs. Public comments on the proposal are due May 23.

Bank Supervision
April 14, 2011 Incentive Compensation

A joint proposal from the federal financial regulatory agencies would prohibit certain potentially risky incentive compensation arrangements at financial institutions with more than $1 billion in assets. Public comments on the proposal, which has just been published in the Federal Register, are due May 31.

Bank Supervision
February 14, 2011 Volcker Rule

An approved final rule, just published, explains how much time banking companies and nonbank financial companies supervised by the Federal Reserve will have to make their investments and activities conform to the so-called “Volcker Rule,” which restricts proprietary trading and relationships with hedge funds. The rule takes effect April 1.

Bank Supervision
April 12, 2011 Orderly Resolution

Under a proposed rule from the Federal Reserve and FDIC, systemically significant bank holding companies and nonbank financial companies would have to submit annual plans describing their strategies for rapid, orderly resolution in bankruptcy. These companies would also have to submit quarterly credit exposure reports. Public comments on the proposal are due June 10.

Bank Supervision
April 12, 2011 Swaps

A joint rule proposed by five federal agencies, including the Federal Reserve, would impose margin and capital requirements on regulated swap entities. Public comments on the proposal are due June 24.

Bank Supervision
February 8, 2011 Systemically Important Nonbank Financial Companies

A new proposal sets standards to help determine whether a financial company qualifies for the Federal Reserve's new enhanced consolidated prudential supervision. Comments on the proposal are due March 30.

Bank Supervision
February 3, 2011 Reporting Requirements

The federal bank and thrift regulatory agencies have proposed changes to thrift and thrift holding company reporting requirements. The changes are designed to bring uniformity to reporting requirements for insured banks and savings institutions and to do likewise for all holding companies supervised by the Federal Reserve. Comments on the proposed changes are due in April.

Bank Supervision
Date Title Category
December 15, 2010 Basel II

The Federal Reserve, FDIC, and OCC seek comment on proposed new market risk capital rules for banking organizations that engage in significant trading activity. Comments are due in March, 2011.

Bank Supervision
December 15, 2010 Community Reinvestment Act

A final interagency rule, substantially similar to one proposed this past June, expands Community Reinvestment Act consideration of neighborhood stabilization activities. The rule takes effect next month.

Bank Supervision
December 10, 2010 Appraisal and Evaluation Guidance

New interagency guidance explains minimum regulatory standards for appraisals of collateral for mortgages and other loans. The new guidance replaces previous guidance on the subject.

Bank Supervision
June 21, 2010 Incentive Compensation

New joint final guidance, out today, seeks to ensure that incentive compensation arrangements at banking organizations appropriately tie rewards to longer-term performance and don't undermine the firm's safety and soundness or create undue risks to the financial system.

Bank Supervision
May 4, 2010 Correspondent Relationships

Final guidance, published today in the Federal Register, addresses risks associated with funding and credit concentrations arising from correspondent relationships.

Bank Supervision
January 7, 2010 Interest Rate Risk

A new advisory, out today, reemphasizes the importance of sound practices to manage interest rate risk.

Bank Supervision