The US Office of the Comptroller of the Currency has proposed a “fair access” rule that would prevent banks from limiting their lending to the fossil fuel and other unpopular industries.
23 November 2020
Joe Biden has defeated Donald Trump to become the United States’ next president – triggering an overhaul of the federal government and its regulatory agencies. What can banking regulation practitioners around the world expect from the new administration?
19 November 2020
Pittsburgh-based PNC has agreed the purchase of Spanish bank BBVA’s US subsidiary – setting off a regulatory approvals process that will extend into the Biden administration.
18 November 2020
US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.
22 October 2020
US banking regulators have finalised a measure allowing banks to make higher capital distributions under stressed financial conditions, over the objections of the minority members of the Federal Reserve and FDIC boards.
28 August 2020
The US Comptroller of the Currency, Joseph Otting, is stepping down midway through his five-year term, days after issuing new rules under the Community Reinvestment Act which have failed to gain FDIC or Federal Reserve support.
22 May 2020
The association representing US state-level banking regulators has issued a blistering response to the OCC’s plans make over 2,000 amendments to its licensing rules during the covid-19 pandemic, saying the federal regulator’s notice procedure “flouts the very purpose of notice-and-comment requirements”.
07 May 2020
Practitioners say US banks are responding positively to measures taken to resuscitate the economy following the coronavirus outbreak, as the US Senate postponed the implementation of a controversial new accounting standard as part of its US$2.2 trillion stimulus package.
27 March 2020
The US Office of the Comptroller of the Currency has hired its new chief operating officer from crypto exchange Coinbase.
19 March 2020
The five US financial regulatory agencies responsible for the administration of the Volcker Rule have issued a notice of proposed rulemaking, as they move closer to altering restrictions on private fund investments by banks.
06 March 2020
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