Ebrima Santos Sanneh

The new rules on custodial account records could address the issues that the Synapse bankruptcy caused in the fintech world but also could complicate relationships between banks and fintech partners, experts say.

Agencies must now provide clearer justifications for their interpretations, while Congress needs to draft more precise legislation. The decision could empower banks to challenge agency rules more frequently and potentially prolong regulatory processes, with courts giving less deference to agency interpretations.

Nellie Liang urges regulators to consider adjusting leverage rules to boost liquidity during stress periods, including leaving central bank reserves out of supplemental leverage ratio calculations.

The Federal Deposit Insurance Corp.'s proposed rule aims to improve record keeping for custodial accounts, while the merger policy would increase regulatory scrutiny for combinations involving the largest banks.

Banks now have until Oct. 30 to weigh in on potential risks of third-party fintech partnerships for banking products and services.

Acting Comptroller of the Currency Michael Hsu's suggestion that regulators designate certain midsize regional banks as domestic systemically important banks could boost oversight but may also complicate the regulatory landscape, observers say.

Federal Reserve Governor Michelle Bowman called for reforms to reduce volatility, increase transparency and address overlaps in stress tests and capital requirements for banks.

After a turbulent 2023, regional banks are gradually restoring public trust in 2024, with confidence in financial stability rising alongside calls for stronger government regulation, ethical practices and capital reforms to prevent future crises.

The banking industry's public reputation recovered moderately in 2024 after a string of regional bank failures depressed confidence in the industry the year prior.

After months of anticipation, Federal Reserve Vice Chair for Supervision Michael Barr is set to lay out the path forward for the interagency regulatory capital reform effort known as the Basel III endgame on Tuesday.

Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse.

Net income climbed more than 11% from the first quarter, even as banks set aside more money for possible bad credit and wrestled with deteriorating office markets.

The American Bankers Association says a proposal to replace its own financial security identifier with one owned by Bloomberg exceeds the agencies' statutory authority and could disrupt financial markets.

Acting Comptroller of the Currency Michael Hsu called for a more risk-based approach to supervision to prioritize pressing issues and improve agility in monitoring large banks.

The FDIC board chose to have another federal agency handle investigations of senior leaders based on allegations unearthed in an independent review published this spring. The move is aimed at ensuring accountability but was criticized for potential delays.

The Federal Reserve finalized its capital requirements for large banks Wednesday based on June's stress test outcomes.

New rules from Treasury's Financial Crimes Enforcement Network will mandate reporting for non-financed real estate transfers and expand anti-money-laundering requirements for investment advisors.

Appointed by Janet Yellen in 2021, Michael Hsu has served as acting Comptroller of the Currency longer than any predecessor. That arrangement is lawful and born out of political pragmatism, but some observers say it's a shortcut around Senate confirmation.

Cohen, a partner with law firm Morrison Foerster and seasoned expert in workplace monitorships and diversity initiatives, will audit and report on the agency's efforts to overhaul a culture characterized by patriarchy and insularity.

A coalition of financial industry groups is calling on the Federal Deposit Insurance Corp. to provide more data and extend the comment period on proposed brokered deposit restrictions, warning the changes could disrupt banking practices and harm consumers.