All FDIC articles – Page 4
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Article
FDIC paves way for rollback of initial swap margin requirements
The move to ditch the requirement that insured depository institutions collect initial margin from affiliates is being praised by regulators for bringing the U.S. into alignment with other countries and freeing up $39.4 billion in collateral.
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ArticleNew Volcker rule eases restrictions on proprietary trading
The latest amendments to the Volcker rule, a regulation aimed at curbing banks from engaging in proprietary trading, seek to eliminate unnecessary complexity without thwarting the rule’s main objective.
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ArticleRegulatory events coming this fall
Check out information on upcoming events from such regulators as the PCAOB, FDIC, SEC, DOJ, and more.
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Article
FDIC details credit and market risks
The Federal Deposit Insurance Corporation this week published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures that could affect the banking system in the months ahead.
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Article
Agencies exclude community banks from the Volcker Rule
Five federal financial regulatory agencies announced this week they have adopted a final rule to exclude community banks from the Volcker Rule.
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ArticleRegulatory events: What’s hot this summer!
Here’s a look at some upcoming events and training from regulators like the SEC, DOJ, and PCAOB.
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Article
FDIC report: Five common consumer compliance issues
The FDIC recently issued the first edition of its “Consumer Compliance Supervisory Highlights” report, intended to enhance transparency around consumer compliance supervisory activities.
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ArticleA legacy in cowboy boots
Former CFTC Commissioner Bart Chilton, who died last month, struck more a figure of a rock star than a regulator.
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Article
PwC reduces damages in Colonial Bank failure
Appealing a court ruling, PwC reached a $335 million settlement with the FDIC over professional negligence claims in the failure of Colonial Bank.
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Article
FDIC General Counsel Charles Yi to leave the agency
Federal Deposit Insurance Corporation General Counsel Charles Yi announced he will be leaving the agency at the end of March.
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Article
CECL queues up as next big accounting change in 2019
The long-awaited new accounting for credit losses, better known as CECL, is moving forward in 2019 unless someone takes definitive action to delay or alter it.
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Blog
Banking regulators approve CECL relief measure
Banking regulators issued some relief for banks worried about the effects of adopting CECL, but bankers are still concerned it won’t go far enough.
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Blog
PwC ordered to pay FDIC $625 million in Colonial Bank case
PwC has been ordered to pay the FDIC $625.3 million as a result of a long-running accounting fraud that caused the 2009 failure of Colonial Bank.
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Blog
FDIC greets new chairman
Jelena McWilliams was sworn in this week as the new chairman of the Federal Deposit Insurance Corporation. She succeeds Martin Gruenberg.
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Blog
Thomas Hoenig departs FDIC
April 30 was the last day of service for Thomas Hoenig as vice chairman and a member of the board of directors of the Federal Deposit Insurance Corporation. Hoenig joined the board in April 2012 and served a full six-year term.
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Blog
Banking regulators propose new capital rules under CECL
Banking regulators are proposing changes to regulatory capital requirements to address forward-looking credit losses under a new accounting standard.
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Blog
Outgoing FDIC official shares blunt view of ‘Too Big to Fail’ and bank regulation
As part of his farewell tour, Thomas Hoenig, the departing vice chairman of the Federal Deposit Insurance Corporation, used a recent speech to candidly address the challenge of balancing prudential standards and regulatory initiatives when attempting to end big bank bailouts.
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Article
FDIC recordkeeping rule poses a big bank data challenge
To get a better grip on resolution planning, the FDIC wants banks to do a better job keeping track of deposit data.
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Article
Recent findings raise fresh questions over auditors and fraud
Recent findings against PwC illuminate audit failures that the PCAOB has been harping on for years, although its ultimate weight on auditors' duty to find fraud is not yet clear.
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Blog
Ruling against PwC may portend greater auditor scrutiny
A court ruling in a lawsuit brought by the Federal Deposit Insurance Corporation against PwC for its failure to detect a multibillion-dollar fraud may well portend greater skepticism and scrutiny by auditors when looking at FCPA issues.