Phillip Basil

Director of Banking Policy

Phillip Basil is the director of banking policy at Better Markets.

Law and regulation

Fed shouldn't have to remind large banks about managing obvious risks

A supervisory letter detailing their failings in assessing exposure to a collapsed hedge fund suggests that the Federal Reserve believes banks are falling short in basic risk management.

By Dennis Kelleher

March 11

TRENDING

M&A

SouthState goes big in Texas, striking $2 billion deal for Independent

The Florida-based bank, which has been building out its footprint across the South, would enter major markets such as Dallas and Houston with its planned all-stock acquisition of Independent Bank Group.

By Jim Dobbs

44m ago
Federal Reserve

Fed's Barr renews focus on liquidity, long-term debt amidst slate of pending reforms

Federal Reserve Vice Chair Michael Barr Monday spoke at length about efforts to enhance banks' liquidity and long-term debt positions after last year's bank failures while saying little about the capital hikes in the embattled interagency Basel III endgame proposal.

By Ebrima Santos Sanneh

52m ago
Regulation and compliance

RESPA, HMDA violation fines hit Arkansas' Bank of England

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

By Andrew Martinez

1h ago