by Doran Jones | Nov 28, 2023 | Doran Jones
On November 22, Federal bank regulatory agencies announced that they have extended the comment period for their proposed rule to require large banks to maintain long-term debt from November 30, to January 16, 2024. The extension is to allow interested parties more...
by Doran Jones | Nov 20, 2023 | Doran Jones
On November 13, The Fed, OCC, and CFPB announced dollar thresholds for smaller loan exemption from appraisal requirements for higher-priced mortgage loans and dollar thresholds for the applicability of truth in lending and consumer leasing rules for consumer credit...
by Doran Jones | Nov 13, 2023 | Doran Jones
On November 3, The FDIC announced that Citizens Bank of Sac City, Iowa was closed making it the fifth bank to fail in 2023. As of September 30, 2023, Citizens Bank had approximately $66 million in total assets and $59 million in total deposits. Iowa Trust and Savings...
by Doran Jones | Nov 9, 2023 | Doran Jones
IRR measurement is a complicated and challenging process. Our last article discussed types of IRR measurement processes, and this installment will delve into measurement processes, challenges, and best practices. Successful IRR measurement requires that those...
by Doran Jones | Nov 7, 2023 | Doran Jones
On November 1, The OCC announced that it is issuing a bulletin to provide banks with guidance regarding commercial loans to early-, expansion-, and late-stage companies (venture loans) due to heightened uncertainty and probability of failure. The OCC expects banks to...
by Doran Jones | Nov 2, 2023 | Doran Jones
Accurate and timely IRR measurement is a critical component of any IRR management system and is one of the most challenging to effectively execute. A bank’s IRR measurement system is expected to be appropriate for the size, nature, complexity, and risk profile of the...
by Doran Jones | Oct 30, 2023 | Doran Jones
On October 19. The Fed terminated a Cease and Desist Order against Citibank issued May 20, 2015 related to deficient policies and procedures that prevented Citigroup from detecting and addressing unsafe and unsound conduct by the Bank’s FX sales personnel. On October...
by Doran Jones | Oct 26, 2023 | Doran Jones
The Federal Reserve bank started to raise interest rates in March of 2022 to combat rising inflation. Knowing the critical importance of effective interest rate risk (IRR) management in such an economic environment, regulators made it an area of regulatory focus for...
by Doran Jones | Oct 20, 2023 | Doran Jones
On September 29, the Fed issued an enforcement action to One American Financial Corporation of Sioux Falls, South Dakota to maintain the soundness of One American Bank. Among the provisions of the agreement were prohibitions from declaring or paying dividends, engage...
by Doran Jones | Oct 18, 2023 | Doran Jones
The Federal Reserve bank started to raise interest rates in March of 2022 to combat rising inflation. Knowing the critical importance of effective interest rate risk (IRR) management in such an economic environment, regulators made it an area of regulatory focus for...
by Doran Jones | Oct 11, 2023 | Doran Jones
This latest installment in our series about capital adequacy requirements discusses capital reporting and disclosure requirements. This series was inspired by the FDIC’s recent announcement about a joint agency proposal revising the capital requirement framework for...
by Doran Jones | Oct 9, 2023 | Doran Jones
This latest installment in our series about capital adequacy requirements discusses stress testing. This series was inspired by the FDIC’s recent announcement about a joint agency proposal revising the capital requirement framework for banks with total assets of $100...
