Senate bill would add another step to FSOC designation process


A bipartisan group of senators is proposing legislation to require the Financial Stability Oversight Council to weigh alternatives before putting a large, complex nonbank under Federal Reserve supervision.


Takeaways from Trump budget: CFPB reform, FHA fees and student loans


The 2020 budget would add the Consumer Financial Protection Bureau and FSOC to congressional appropriations, charge lenders for FHA upgrades and require universities to have skin in the game on student loans.


Dodd-Frank oversight council wants to make it harder to designate nonbanks


The revisions would emphasize activities-based regulation over labeling individual firms as systemically risky.


Is Dodd-Frank oversight council still relevant?


The interagency panel formed to head off approaching systemic risks must figure out its next move after having undone designations of nonbank firms.


Regulators need to be stress-tested, too


The banking agencies would benefit from running simulations designed to ensure they’re ready to handle the next crisis.


Hard Brexit is a systemic risk to U.S. banks


A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy.


Is something missing from the U.S. regulatory toolbox?


The post-Dodd-Frank era is one of rightsizing and tailoring rules, but a key bloc of the regulatory brain trust believes the U.S. still lacks mechanisms that could prove helpful in a crisis.


Fed readying capital rule for insurance firms under its watch


The Dodd-Frank Act gave the central bank authority to set capital requirements for insurance companies that own a federally insured bank, as well as those determined to be systemically important.


Will industry get what it wants on CECL?


Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.


Nonbanks' rapid growth poses risks to industry: FDIC's McWilliams


FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.