Policy & Regulation

Political support for ending "too big to fail" is growing, several prominent observers — including Sen. Sherrod Brown and former FDIC Chairman Sheila Bair — said at an event on Tuesday.

Rep. Maxine Waters, the senior Democrat on the House Financial Services Committee, said she and her colleagues are asking for a quicker pace of work to implement diversity provisions of the Dodd-Frank Act.

The U.K.'s Financial Services Authority says it could have responded better to evidence that banks had manipulated the London Interbank Offered Rate.

Rep. Maxine Waters, the ranking member on the House Financial Services Committee, said she and some colleagues are frustrated with the pace of work to implement diversity provisions of the Dodd-Frank Act.

The Federal Housing Finance Agency's Edward DeMarco is pushing a plan merge some Fannie Mae and Freddie Mac operations as Congress and the Obama administration continue to punt on housing reform.

Ray Grace, the acting banking commissioner of North Carolina, used humor to deflect some tough questions aimed at regulators about limits on bank startups.

Criminal indictments of bank employees indicate a failure in the institution's governance, risk and compliance policies. Boards must take the time to improve their risk management systems.

FHFA Acting Director Edward DeMarco said that Fannie Mae and Freddie Mac would merge some of their existing operations in order to build a new securitization platform.

Fannie Mae (FNMA) and Freddie Mac will create a common platform for issuing mortgage-backed securities as they wind down operations and plan for a future in which the two companies no longer exist, their regulator said today.

Regulators have uncovered "surprising deficiencies" in anti-money laundering compliance at some of the nation's largest banks, Comptroller of the Currency Thomas Curry said Monday.