law-regulation

On CECL, Time for Everyone to Just Take a Deep Breath

04/18/16

All the noise over the impact of the Current Expected Loss Model is paralyzing bankers from taking reasonable and practical steps to prepare for the new accounting standard.

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Goldman Settlement Shows Some Banks Still Too Big to Punish

04/15/16

The $5 billion settlement between Goldman Sachs and the Department of Justice sounds significant, but here's why it's not real accountability.

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Overzealous Fincen Needs More Oversight

04/15/16

Congress should consider placing restrictions on the Financial Crimes Enforcement Network as the agency targets foreign banks it deems money laundering risks.

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CFPB's Payday Rule Poses Real Danger to Lenders

04/14/16

Rather than rush its proposal to regulate short-term lenders, the Consumer Financial Protection Bureau should carefully weigh the consequences of potentially driving lenders out of the market.

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FSOC Shouldn't Be Shocked a Judge Slammed SIFI Process

04/13/16

The decision blocking the Financial Stability Oversight Council's designation of MetLife was presaged in factual and legal arguments made by trade associations and others for more than five years.

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CFPB Payday Lending Rule Does Nothing to Help Underserved

04/12/16

The impending Consumer Financial Protection Bureau proposal will limit access to payday lending but it will not enable small-dollar lending alternatives for consumers.

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Is Basel's Long-Term Liquidity Standard Still Necessary?

04/11/16

Several years after regulators began developing the "net stable funding ratio," there is good reason to ask if its utility has been eclipsed by other liquidity-related rules.

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Offshore Account Spotlight Will Only Heighten AML Compliance Issues

04/08/16

Banks should prepare for renewed scrutiny of their anti-money-laundering efforts in the wake of the headline-grabbing leak of the Panama Papers.

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How Regulators Can Fight De-Risking

04/07/16

As actions such as Operation Choke Point continue, the government should acknowledge the tension institutions face between serving a community and facing increased regulatory scrutiny.

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Panama Papers Force Reality Check for Banks

04/06/16

If you're ever wondered about the scope of risks facing your financial institution from "insiders" potentially involved in shell company dealings, the Panama Papers provide some insight.

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