Law and regulation

The Federal Deposit Insurance Corp. outlined the succession plans for several key offices on Friday, including the heads of its legislative affairs and San Francisco offices.

The former chief marketing officer of the failed Mirae Bank in Los Angeles was arrested following an eight-count indictment stemming from alleged loan fraud.

WASHINGTON – The public portions of resolution plans submitted by three systemically important nonbanks and certain midsize banks were published Friday by the Federal Deposit Insurance Corp. and Federal Reserve Board.

Drafting internal honor codes, and having employees pledge to follow them, could be a good first step to reversing negative opinions about banking.

Goldman Sachs Group Inc. said it agreed to settle a U.S. probe into its handling of mortgage-backed securities for about $5.1 billion, cutting fourth-quarter profit by about $1.5 billion and closing out a year of record legal and litigation costs.

Several Republican presidential candidates called for a rollback of regulations on Thursday, saying that over-regulation is choking off job growth and the economy.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

An international regulatory body said this week that they are looking at setting new, enhanced leverage ratio requirements for the largest global banks, a move that echoes the higher standards in the U.S.' supplemental leverage ratio and demonstrates why going beyond international accords can influence the rest of the world.

Roughly 28% of Swift's correspondent bank users have signed up for the cooperative's KYC Registry, defying early skepticism about financial institutions' willingness to share information.

Financial services issues that helped define a presidency were largely absent from Tuesday's State of the Union address, including the crucial policy items that have not yet been resolved.