U.S. banking regulators said Friday that they will publish the so-called “living wills” proposed by the largest U.S. banks next week. The U.S. Federal Deposit Insurance Corporation (FDIC) and the U.S. Federal Reserve Board (Fed) announced the process for evaluating the resolution plans, or living wills, of the largest U.S. banks. Regulatory reform in the […]
Proposed rules extend regime for global systemic banks
The revised guidance reflects lessons learned from the financial crisis
Inability of banks to aggregate risk exposures fully and quickly undermines stability
New rules aim to improve the quality and utility of these disclosures
British financial regulators issued a statement Tuesday, following the conclusion of their investigation into the failure of an Icelandic bank during the financial crisis, finding that the bank failed to properly assess its liquidity position. The UK’s Financial Services Authority published a final notice against Kaupthing Singer and Friedlander Ltd. (KSFL), the UK-based subsidiary of […]
Royal Bank rating cut; outlook stable
Regulation alone is not enough to curb systemic risks, policy group says
Impact on some of the region’s banks could be severe
Largest ever Office of Foreign Assets Control settlement