Regulation

The Group of Central Bank Governors and Heads of Supervision – the supervising body for the Basel Committee on banking Supervision -- on Sunday endorsed the broad direction of final Basel III risk-weighted capital rules, including assurances that the final rules would require significant additional capital.

It’s become an all-too-familiar story – a big bank is caught doing something bad, it pays a fine, some lower-level employees are let go while higher-level executives appear to get off scot free and no criminal charges are assessed. Many see that happening again at Wells Fargo.

Marketplace lenders that have partnered with banks face more scrutiny after a federal judge in California handed a legal victory last week to the Consumer Financial Protection Bureau.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

In an interview Friday morning, Federal Reserve Gov. Daniel Tarullo said that enforcement agencies and even the Department of Justice need to hold individuals accountable amid revelations that thousands of Wells Fargo employees opened illegal accounts for customers.

Nellie Liang, director of the Federal Reserve's Division of Financial Stability, has announced her retirement after 30 years with the central bank.

The settlement underscored how incentives and sales goals led employees to illegally open new accounts, transfer customer money to the accounts, and create PIN numbers and emails without customers' authorization, regulators said.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

The Financial Accounting Standards Board's accounting rules for credit risk have good intentions, but a likely amplification of the ups and downs of the credit market was probably not one of them.

Wells Fargo’s reputation as a consumer-friendly bank suffered a significant blow Thursday after it agreed to pay $190 million to settle charges that thousands of employees created unauthorized bank and credit card accounts for customers in order to collect bonuses for themselves.