Fed promises more transparent stress tests; Barclays on blockchain
Fed Gov. Jerome Powell says central bank will provide more information to banks about how it conducts annual tests; bank CTO discusses its 2018 blockchain test. ... Read full article
Fed Gov. Jerome Powell says central bank will provide more information to banks about how it conducts annual tests; bank CTO discusses its 2018 blockchain test. ... Read full article
The Federal Reserve will announce the results of its stress tests beginning June 22. ... Read full article
The Fed is working on providing a more helpful guide to affected banks on how the central bank’s testing models work and taking a lighter touch to supervising bank boards. ... Read full article
The Arkansas company is selling more than $300 million in stock a year before its DFAST test in June 2018. ... Read full article
Federal Reserve official Tim Clark oversaw the development of the agency’s stress testing program. He will see through this year's round of stress tests and leave this summer. ... Read full article
Union agreed to pay $701 million for Xenith in a deal that is expected to close early next year. ... Read full article
Some believe that increased bank regulation is to blame for overall slower growth in commercial and industrial loans. Yet that assessment misses some important details. ... Read full article
In an interview, CEOs for midsize banks said they are hopeful for a bipartisan Dodd-Frank Act reform bill that eases regulatory requirements for institutions with assets of more than $10 billion. ... Read full article
In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth. ... Read full article
Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers. ... Read full article
Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal. ... Read full article
Using stress tests as the capital benchmark in a reformed regulatory system could enable some forms of relief, but other rules should remain in place to ensure financial stability. ... Read full article
The recent decision by the Federal Reserve Board to exempt banks with less than $250 billion in assets from the qualitative aspects of the CCAR stress tests may be a sign of things to come, says Joo-Yung Lee, head of North American financial institutions ... Read full article
After questions arose after the 2016 Comprehensive Capital Analysis and Review stress test, the Fed said Thursday that it would not object to the bank’s resubmitted capital plan. ... Read full article
As banking leaders gain a more substantial policymaking role, they will have a greater impact if they stake out a clear position in favor of regulations that protect investors and depositors. ... Read full article
Congressional Republicans are weighing potentially broad changes to the stress test program, including alterations to the way the tests are performed and the consequences of failing them. ... Read full article
The House proposal establishes a 10% leverage ratio as the standard for bank strength, but it says nothing about the riskiness of the bank’s business or the size of its exposure to economic downturns. ... Read full article
Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a ... Read full article
A House plan to provide regulatory relief will be more far-reaching when it is reintroduced soon by rendering the consumer protection agency toothless and providing banks with extra incentives to opt into a deregulatory plan. ... Read full article
The Federal Reserve published the hypothetical stress scenarios it will use as part of the 2017 stress test cycle. ... Read full article