In light of a recent op-ed about pawnbrokers denied banking services, it's worth reiterating that the FDIC encourages banks to assess individual businesses for risk rather than declining to provide services to entire categories of customers.
In light of a recent op-ed about pawnbrokers denied banking services, it's worth reiterating that the FDIC encourages banks to assess individual businesses for risk rather than declining to provide services to entire categories of customers.
Former Federal Reserve chair Paul Volcker is far from the first watchdog to suggest the U.S. regulatory system is badly in need of a common-sense makeover. Yet a confusing and ineffective structure remains the status quo.
If banks consider licensed and regularly supervised pawnbrokers with many compliance responsibilities to be too risky to bank, then what Main Street businesses are safe?
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on the sale of GE Capital and how the CFPB's new mortgage disclosure forms will shake up the industry.
Mortgage lenders are stressed about how the CFPB's new mortgage disclosure rule will impact their business. But the new forms may give them a chance to improve business performance.
The Basel Committee needs to measure the efficacy of recently implemented rules, strengthen banks' operational risk requirements and make banks' risk models less variable. Luckily, secretary general William Coen has vowed to do just that.
General Electric's plan to sell most of its financing arm has been hailed as a sign that financial reform is successfully persuading too big to fail firms to break up. But the end of GE Capital just means that the conglomerates left standing are even more homogeneous and risk-prone.
As Basel III gets ready to turn five years old this summer, recently appointed Basel Committee secretary general William Coen is taking the necessary step of ensuring that new capital ratio, liquidity standard and leverage ratio rules work well together.
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on regulatory complexity, Jamie Dimon's defense of the megabank model, and how vulnerable banks really are to tech startups.
