Policy & Regulation

Facebook is reportedly close to obtaining a license to operate as an electronic money institution in Ireland, a move that builds on the company's years of experience handling payments on its home turf.

As the U.S. and Europe impose sanctions against Russia, western banks are keeping closer tabs on their business dealings in the country. JPMorgan Chase's temporary hold on a Russian Embassy payment and the disruption of VISA services for SMP Bank could be just the tip of the iceberg.

Bankers are kidding themselves if they think bank-like supervision will ultimately catch up with nonbanks. Expect to compete on the current playing field, however uneven it may be.

Regulators are clearly interested in crafting further reforms to Community Reinvestment Act policy following relatively minor changes last year. Here's a guide to what they may target.

Comptroller of the Currency Thomas Curry sought to reassure community bankers this week that the agency does not expect them to comply with its "heightened expectations" proposal aimed at bolstering risk management and improving governance at the biggest banks.

Banks are continuing to try to game capital ratios and regulatory standards that are intended to make the financial industry safer and simpler, according to Anat Admati. The Stanford finance professor and co-author of "The Bankers' New Clothes" discusses the successes and failures of regulation and banks' risk-management in recent months.

WASHINGTON — A top House Financial Services Committee lawmaker said Thursday that he will subpoena Consumer Financial Protection Bureau officials if they again refuse to testify about allegations of employee discrimination and retaliation.

A bipartisan group of senators announced a deal Thursday to reauthorize and extend the country's terrorism risk insurance program, to be taken up by the Banking Committee in coming weeks.

Banks are likely to protest new Basel rules that would require them to hold more capital against their exposure to central counterparties, but the standard is necessary to prevent the fast-growing counterparties from becoming "too big to fail."

More than a year into his leadership atop the powerful banking panel, it's still unclear whether Rep. Jeb Hensarling is willing to trade his ideological beliefs for the messy reality that is dealmaking in today's Congress.