Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort. ... Read full article
Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate. ... Read full article
Banks need to mitigate potential bias in algorithmic predictive models using artificial intelligence, as regulators are weighing how to oversee the emerging technology. ... Read full article
The FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees. ... Read full article
The regulators have yet to complete rules on regional bank supervision, community bank capital and other provisions meant to ease institutions' burden. ... Read full article
Expanding exemptions for initial margin requirements on swaps transactions “would harm financial stability and U.S. taxpayers,” said the top Democrats on the House and Senate banking panels. ... Read full article
Jelena McWilliams said federal bank regulators have made progress in developing a proposal but acknowledged that the reform process has been slow. ... Read full article
Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change. ... Read full article
Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles. ... Read full article
The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years. ... Read full article
The bank regulators extended a moratorium for the proprietary trading ban for certain affiliates of foreign banks by an additional two years. ... Read full article
The agency's board voted 3-1 on Tuesday to give large banks additional time to comply with new rules that force them to keep better track of insured deposits. ... Read full article
The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter. ... Read full article
The federal banking regulators issued a new proposal Friday asking for further public comment on changing the definition of a “high volatility commercial real estate exposure.” ... Read full article
Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill. ... Read full article
The industry is urging federal regulators to go further in streamlining oversight of foreign banks and resolution-planning requirements. Critics warn that the proposals could weaken post-crisis safeguards. ... Read full article
The new rule, subject to approval by the Office of Management and Budget, would enable FDIC-supervised institutions with less than $5 billion in assets to use a shorter form every other quarter. ... Read full article
A recent high court decision said judges no longer have to automatically give agencies the benefit of the doubt when interpreting their regulations. ... Read full article
The FDIC's new complex institution supervision and resolution division will be operational July 21. ... Read full article
After years of largely standing on the sidelines, lawmakers are taking a closer look at whether algorithms used by banks and fintechs to make lending decisions could make discrimination worse instead of better. ... Read full article
