Ian McKendry

WASHINGTON — Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.

The agency's Semiannual Risk Perspective pinpointed compliance and operational risk as potential problems for big banks while it outlined a different set of challenges for midsize and community banks.

One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.

The Consumer Financial Protection Bureau went forward with a controversial move Thursday to include narratives in its complaint database.

Witnesses testifying on Capitol Hill said legislation requiring incorporating companies to state true owner information would combat launderers.

Regulators finalized a rule Monday requiring banks to escrow flood insurance premiums and fees for loans on real estate located in a flood zone.

WASHINGTON — Regulators finalized a rule Monday requiring financial institutions to escrow flood insurance premiums and fees for loans on real estate located in a flood zone.

The Treasury Department gave financial institutions a rare pat on the back in a recent analysis of anti-money-laundering safeguards, saying the system has significantly improved.

The Federal Deposit Insurance Corp. is set to revamp deposit insurance premiums to make them more risk-sensitive, targeting areas that caused institutions to fail during the financial crisis.

WASHINGTON — The Federal Deposit Insurance Corp. unveiled a proposal Tuesday that would change the calculus used in determining assessment fees for small banks, resulting in most of those institutions paying less in premiums.

The digital currency world is readying itself for more regulatory penalties over the failure to meet Bank Secrecy Act and anti-money-laundering requirements following federal agencies' action against Ripple Labs last month.

The digital currency world is readying itself for more regulatory penalties over the failure to meet Bank Secrecy Act and anti-money-laundering requirements following federal agencies' action against Ripple Labs last month.

Comptroller of the Currency Thomas Curry described cyber-readiness as a "system-wide" exercise, and said a new tool for assessing readiness can help banks of all sizes.

With New York's framework for regulating digital currency now final, a looming question is whether other states such as California will follow suit.

New York’s financial services regulator revealed its final version of a new digital currency regulatory framework Wednesday, but a big question already is whether the effort will get replicated in other states.

Federal regulators are working to streamline call reports for community banks in response to industry complaints that some of the requirements are unnecessary and increasingly burdensome.

Community banks had a banner first quarter, federal regulators said Wednesday — but it may come at a problematic time, politically speaking. The Quarterly Banking Profile may only deepen some lawmakers concern that small banks do not need regulatory relief if they are performing so well.

U.S. banks rebounded in the first quarter as earnings rose 6.9% from a year earlier, to $39.8 billion, and nearly two-thirds of institutions reported higher profits from a year earlier, the Federal Deposit Insurance Corp. said Wednesday.

WASHINGTON — The Federal Deposit Insurance Corp. is scheduled to release the Quarterly Banking Profile for the first quarter of 2015 on May 27.

Crucial operational steps remain before the government could clean up the collapse of a massive firm without threats to the broader financial system.