Ian McKendry is the Congress reporter for American Banker. He previously covered the Federal Deposit Insurance Corp., anti-money laundering and cybersecurity. Before joining American Banker he was an economic reporter for Market News International.
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WASHINGTON The Federal Deposit Insurance Corp. reissued a document on Friday that clarifies when a deposit is considered brokered.
By Ian McKendryNovember 13 -
While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.
By Ian McKendryNovember 12 -
The New York banking regulator announced Tuesday it was working on new cybersecurity requirements even as bankers pushed agencies to further harmonize their efforts.
By Ian McKendryNovember 10 -
The Financial Stability Board finalized a standard Monday that will require 30 of the worlds largest banks to hold a combination of debt and equity that could be used to absorb losses and facilitate a resolution if one of them were to become insolvent.
By Ian McKendryNovember 9 -
A proposal that would require the biggest banks to issue long-term debt as a backstop to prevent another government bailout could instead instigate one, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said Thursday.
By Ian McKendryNovember 6 -
Marketplace lenders are still so new that their business model is untested and unproven, raising fears both for consumers and the industry at large, Federal Deposit Insurance Corp. officials and several bankers said Thursday.
By Ian McKendryNovember 5 -
The relevant question is no longer whether new regulations will come for the fast-growing industry, but what form they should take.
By Bryan YurcanNovember 5 -
WASHINGTON The financial services sector has been sharing information on cyber threats despite potential legal ramifications, but passage of a cybersecurity bill still winding its way through Congress may put those handshake deals into writing and bolster cyber-defenses.
By Ian McKendryNovember 4 -
The Treasury Department is still struggling to understand whether some businesses are losing access to the banking system because of heightened enforcement of anti-money laundering requirements and concerns about high risk activities, a top official said Wednesday.
By Ian McKendryNovember 4 -
WASHINGTON Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig was elected as president of the International Association of Deposit Insurers on Thursday.
By Ian McKendryOctober 29