Federal Deposit Insurance Corporation (FDIC)
US regulators assess rating agency alternatives
FDIC's Bair says agency ratings being inappropriately used as substitute for due diligence
Basel Committee defends adjustments to Basel III as calibration decisions loom
Regulators describe difficulties ahead as they prepare for Basel III calibration and transition decisions in September
BNP Paribas enters US retail space via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
FDIC creates new units as US regulators expand for Dodd-Frank systemic oversight
US regulators are hiring more staff in preparation for Dodd-Frank changes
First FSAP for US flags commercial real estate woes
The US banking system at risk from commercial real estate woes, the IMF’s first Financial Sector Assessment Programme says
Banker bonuses cut by EU amendments to CRD...
...and US issues supervisory guidance
The FDIC’s only safe harbour is from itself: Joseph Mason column
The US Court of Appeals has ruled against the FDIC in a case that gave rise to the regulator’s original safe harbour provisions for securitisation deals.
Robert W Baird: succeeding through caution
Setting up a business just before a global financial crisis hits is not ideal, but Robert W Baird’s structured products business, set up in 2007, has survived the turmoil by sticking to conservative products and avoiding the more complex deals offered by…
Uncertainty over FDIC insurance is affecting structured products industry
The US government is currently deciding whether to permanently increase the deposit insurance cover to $250,000 per depositor. The uncertainty is creating problems for the certificate of deposit industry.
US regulatory changes weigh on consumer ABS
Analysts declare Talf a success but say consumer ABS growth could be hampered by regulatory and accounting uncertainty
FDIC will apply lower deposit limits to products in circulation
If the US congress votes to lower the deposit insurance limit to $100,000, then that figure will count for products currently in circulation, says the FDIC
FDIC plans to continue proposals linking pay structures to banks’ deposit insurance
The Federal Deposit Insurance Corp says its plan to link banks’ compensation arrangements with premiums is “complementary” to supervisory guidance issued jointly by regulators
US regulatory guidance for compensation structures snubs FDIC proposal
Final pay guidance from US regulators shows no trace of Federal Deposit Insurance Corporation’s (FDIC) proposal for higher premiums for banks with risky compensation structures
Little progress on US regulatory reform as conference ends first week
Heated debate and vote interruptions slow the reconciliation process
Where there’s a will…
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn are lacking
Americas Report: Back from the breech
The structured products market in the US has been through some lows in the past year. The shock sometimes was so great that the lifeblood of the market, the reverse convertible, was withdrawn completely. It was pointless flogging a product that required…
FDIC reveals impact of securitisation rule change
The latest US bank results show the effect of recent changes in accounting rules, which brought $295 billion in securitised loans back on to balance sheets
Controversial swaps legislation survives as US Senate passes bill
Swap dealers and major swap participants will be unable to qualify for federal government support
FDIC calls on bank subsidiaries to submit resolution plans
Deposit insurer targets affiliates of $100bn holding companies
Americas House of the Year
Structured Products Americas Awards 2010
A granular approach to data
The drive for regulatory reform in the US has focused on the availabilty of data, and a bill being discussed in Washington, DC proposes the establishment of national data and research centres.
Action reactions
At OpRisk USA 2010 participants discussed how they can deal with increasing waves of regulation and add value in the new financial environment.