CREDIT REPORTING: In a May 5 speech, Comptroller of the Currency John D. Hawke Jr. criticized some subprime lenders for failing to report positive borrower payment histories to credit bureaus. He said bank regulators and the Federal Trade Commission will soon introduce joint guidelines to encourage such reporting.
CAPITAL ACCORDS: Regulators are still trying to resolve a dispute with Germany that has stalled a proposed rewrite of the risked-based capital accords. The conflict centers on how much capital to hold for certain types of real estate loans. Consensus, however, has emerged for requiring higher reserves on loans to hedge funds and using public debt ratings to determine how much capital a bank must hold on loans to sovereign governments. Release of the international proposal is not expected this month.