Regulation

With the Dodd-Frank Act and Basel capital regime already imposing new requirements on derivatives players, the U.S. bank regulators added another one Tuesday completely of their own accord.

The Federal Reserve Board, FDIC and OCC issued guidance Tuesday calling for better counterparty risk management at banks with large derivatives books.

As she departs as head of the Federal Deposit Insurance Corp. after a historic period of financial tumult and regulatory reform, Sheila Bair wishes more regulators felt empowered to be candid with the public about their views, even if they rock the boat.

American Banker sat down for an extensive exit interview with FDIC Chairman Sheila Bair, who will leave office on July 8. Following is an edited transcript.

WASHINGTON — In the wake of a public disagreement over a pending proposal, a House panel is asking the Treasury Department to disclose the role it played in the Office of the Comptroller of the Currency's rulemaking on preemption.

Discover Financial Services' stock price fell as much as 3% on Friday after the company disclosed that the Federal Deposit Insurance Corp. is reviewing its marketing of payment protection and other fee-based products.

President Obama announced Friday he intends to nominate Federal Deposit Insurance Corp. director Tom Curry, a former state regulator, for the top job at the Office of the Comptroller of the Currency.

Discover Financial Services’ shares fell as much as 3% July 1 after disclosing that the Federal Deposit Insurance Corp. is reviewing its marketing of payment-protection and other fee-based products.

In an unintended consequence of the newly revised federal rules on cybersecurity, banks are likely to fare much worse in lawsuits over fraud losses.

A rollback of the Dodd-Frank financial reform law is a pipe dream. It was one from the beginning.