Regulation

Preparing systems for the Single Euro Payments Area may be more complex and time-consuming than many European corporations and banks realize. To ease this complexity, SunGard is offering software to centralize payments management.

The two year anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act is approaching and many rules required by the legislation still remain unwritten, according to a report from the law firm Davis Polk.

Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief, according to a new report from a government watchdog agency.

The Office of Financial Research is not yet fully operational. Critics on the Hill want to gut the agency. Its forthcoming annual report presents a chance to win over lawmakers.

The Federal Reserve Board terminated written agreements with bank companies in Minnesota and Oregon and entered into a new one with a Maryland company.

The Office of the Comptroller of the Currency published its first Semiannual Risk Review, a report offering a rare distillation of what it sees as the greatest safety and soundness threats facing banks, including weaker underwriting standards and new, potentially dangerous, products.

David Hirschmann, the president and chief executive of the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness, has some suggestions for Richard Cordray. In a letter to the CFPB director he "cited concerns about the new 'abusive' standard that was added to the Dodd-Frank Act, along with the already statutory terms 'unfair and deceptive practices,'" writes American Banker’s Rob Blackwell.

While nine of the largest, most complex U.S. banks largely followed the same template in filing their "living wills," there were subtle but significant differences in their approach.

Federal Reserve officials spoke out twice in the past month to send a signal to money-market funds resisting tighter U.S. regulation. The message: New rules are coming, one way or another.

Still holding stakes in some 325 banks, the Treasury is expected to accept bigger discounts as it works to unwind the bailout-era program.