Federal Bank Regulatory Agencies Issue Final Rule to Simplify Capital Calculation for Community Banks

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Federal bank regulatory agencies finalized a rule that simplifies capital requirements for community banks.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-125.html

Agencies Propose Rule to Amend the Swap Margin Rule

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-124.html?utm_source=RSS_feed&utm_medium=RSS

Agencies Propose Rule to Amend the Swap Margin Rule

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Five federal agencies today announced a proposal to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-124.html

OCC Appoints Receiver for Resolute Bank, Maumee, Ohio

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 …

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-123.html

OCC Appoints Receiver for Resolute Bank, Maumee, Ohio

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 …

The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Resolute Bank, Maumee, Ohio, a federal savings association. As of June 30, 2019, the institution had approximately $27 million in total assets.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-123.html?utm_source=RSS_feed&utm_medium=RSS

U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Net…

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Network (GFIN).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-122.html?utm_source=RSS_feed&utm_medium=RSS

U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Net…

The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Network (GFIN).

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-122.html

OCC Enforcement Actions and Terminations

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-121.html?utm_source=RSS_feed&utm_medium=RSS

OCC Enforcement Actions and Terminations

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-occ-2019-121.html

Federal Financial Regulatory Agencies Seek Comment on Proposed Interagency Policy Statement on Allowances for Credit Losses and Proposed Interagency Guidance on Credit Risk Review Systems

Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed policy statement is intended to promote consistency in the interpretation and application of t…

Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed policy statement is intended to promote consistency in the interpretation and application of the Financial Accounting Standards Board's (FASB) credit losses accounting standard, which introduces the current expected credit losses (CECL) methodology.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2019/nr-ia-2019-120.html