Policy & Regulation

"Regulators from the U.S. and the United Kingdom took a major step Monday toward proving that they could dismantle a large globally active financial institution, outlining how the two sides would cooperate in the event of a cross-border resolution," writesAmerican Banker's Joe Adler.

A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.

The Consumer Financial Protection Bureau issued a proposal Thursday that would let lenders test various disclosure programs on consumers in an effort to make disclosures more concise and cost-effective.

Some readers quickly labeled all 19 megabanks' failure to pass the Office of the Comptroller of the Currency's new risk tests as evidence that "Too Big to Fail" remains very much alive. Others blamed the OCC's stricter standards.

Efforts to extend the Transaction Account Guarantee program were dealt a significant blow Thursday as senators blocked a vote on a two-year extension over objections it would cost the government money.

The Officer of the Comptroller of the Currency is trying to shift big bank execs' focus to risks in areas like governance, operations, internal controls and communications. So far, most are failing.

The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.

This platform will need to be enterprise-level to ensure consistency in the application of economic scenarios, model use and reporting.

The Office of the Comptroller of the Currency recently graded the 19 largest banks on five factors designed to gauge how well they are being run. The results are shocking.

Consumers disputed up to 38 million items on their consumer credit reports last year at the three largest consumer reporting agencies, according to a report released Thursday by the Consumer Financial Protection Bureau.