Top 5 Regulation & Reform Stories of the Week
June 12, 2012 9:28 AM
OCC's Ethics Runaround
OCC officials worked around strict ethics rules governing employees in order to promote David Wilson as head of supervision policy over all banks despite the fact that his wife was a high-level executive at Bank of America. The agency reversed itself four months later but the incident raises questions about how close the OCC is to the banks it regulates.
Curry Takes Lumps from OCC's JPM Handling
Comptroller of the Currency Thomas Curry took a public beating from Democratic senators Wednesday over his agency's handling of JPMorgan's trading losses. Republican lawmakers mainly agreed with some experts' calls for higher capital requirements .
Fixing Banking's Reputation
The banking industry's image is about as awful as it's ever been. While the industry agrees it needs to be fixed, there is little leadership in this area. Editor-at-large Barbara A. Rehm talks to experts about what bankers should do to turn the situation around .
Fed Releases Capital Proposals
The Federal Reserve Board unanimously approved the release of a set of proposals that would raise banks' minimum capital requirement to 7%. While much of the plan was expected, its impact was still significant.
Turns Out You <em>Can</em> Yell 'Failure'
A California appeals court struck down a century-old state law designed to stop rumormongering from triggering a bank run.
