Regulation

Mutual funds pose no threat to the stability of the financial system. Yet regulators appear determined to designate them as systemically important financial institutions-a move that could hurt millions of Americans who depend on the funds as retirement savings vehicles.

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The Senate Banking Committee is said to be moving toward a vote on major housing finance reform legislation next week, but the effort is likely to attract no more than 13 votes, falling short of what would be needed to advance the bill to the Senate floor this year.

On Wednesday, the Federal Financial Institutions Examination Council announced plans for cybersecurity risk assessments of banks during a webinar.

The Federal Reserve announced on Friday that it will conduct a new round of testing of its Term Deposit Facility, in an effort to help banks become familiar with how it works.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Six Democrats whose support is crucial to a U.S. Senate plan to replace government-owned mortgage firms Fannie Mae and Freddie Mac have decided they won't support the proposal without major revisions, dimming its chances of becoming law this year.

The Federal Reserve is seeking input on a measure that would bar U.S. banks from acquisitions that push their share of all financial-company liabilities above a 10% threshold.

Federal Reserve Board Gov. Daniel Tarullo endorsed dropping Basel II's internal ratings-based approach to risk-weighted capital requirements and specifically carving out exemptions for community banks from certain rules.

The House Financial Services Committee grilled Treasury Secretary Jack Lew on a wide range of issues Thursday, raising concerns about regulatory oversight of the mortgage servicing industry and transparency at the Financial Stability Oversight Council.