Federal Reserve
Fed proposes tighter regulation on trust-preferred securities
The US Federal Reserve has proposed a rule to retain trust-preferred securities (TPS) in the tier-one capital of bank holding companies (BHC), but with stricter quantitative limits and clearer qualitative standards.
Fed's Bies focuses guns on enterprise-wide compliance
Financial firms can only truly mitigate legal, reputation and regulatory risk by implementing enterprise-wide compliance programmes, said Federal Reserve Governor Susan Schmidt Bies in a pair of February speeches in New York City and a third speech in…
Fed's Bies focuses guns on enterprise-wide compliance
Financial firms can only truly mitigate legal, reputation and regulatory risk by implementing enterprise-wide compliance programmes, said Federal Reserve Governor Susan Schmidt Bies in a pair of February speeches in New York City and a third speech in…
All change on the BIS op risk team
Three well-known regulatory figures will be changing places over the course of February as various secondment arrangements between the Bank for International Settlements (BIS), the Bank of England (BofE) and the Federal Reserve in the US come to an end.
Quant of the year - Michael Gordy, US Federal Reserve Bank
Credit risk specialist who is highly influential with academics and practitioners alike.
US regulators may change Basel II rules, says Ferguson
The Board of Governors of the Federal Reserve System still has options to change the Basel II rules to allow for national discretion, according to Federal Reserve Board vice-chairman Roger Ferguson. The bifurcated system of Basel II application in the US…
FSA chairman headed for showdown with US regulators
Callum McCarthy, the new chairman of the UK's Financial Services Authority, is to visit the US later this week to meet Roger Ferguson, vice-chairman of the Federal Reserve.
Fed's Ferguson defends US position on Basel
The US approach to regulatory capital is "perfectly consistent" with the spirit of the new risk management proposals from the Basel Committee, said Roger Ferguson, vice-chairman of the board of governors of the US Federal Reserve System, this week.
US Congress Basel II bill is put on hold, for now
Washington DC – The bill written by the House of Representatives' Financial Services Committee, which was designed to take control of the Basel II negotiation process away from US regulators and hand it to Congress, has been shelved for now, say…
Regulator outlines AMA issues for US banks
In a late-July speech at a Risk Waters Group forum on the US's advance notice of proposed rulemaking, the Federal Reserve's Kirk Odegard described how the US would be implementing the advanced measurement approach for op risk, and outlined regulators'…
ANPR maps out US differences on Basel II implementation for banks
WASHINGTON, DC - US regulators are determined to go their own way when it comes to implementing Basel II, according to the government's ANPR, published in mid-July.
Fed seeks public comment on Basel II
The Federal Reserve has issued an interagency advance notice of proposed rulemaking (ANPR) seeking public comment on the implementation of the new Basel Accord in the US.
US regulators issue their advance notice of proposed rulemaking
US regulators published the much-awaited advance notice of proposed rulemaking (ANPR) late on Friday afternoon, after a meeting of the Board of Governors of the Federal Reserve.
Quantitative impact studies will go regional
The Basel Committee on Banking Supervision does not plan on conducting further quantitative impact studies (QISs) to explore the effect that the new Basel II framework will have on the international banking industry, according to Patricia Jackson,…
Jacobs joins Chicago Fed's new economic capital group
Former managing director and head of analytics for Bank of America’s loan portfolio management, Thomas Jacobs, has joined the Federal Reserve Bank of Chicago as an economic capital specialist in the watchdog's risk specialist division.
US to complete further quantitative impact studies, says Ferguson
To assess the impact of the Basel II regulatory proposals on US banks that will be adopting that framework, the Federal Reserve and other banking regulators are planning to conduct a series of quantitative impact studies during the implementation period,…
Fed links op risk and disclosure
WASHINGTON, DC - Two Federal Reserve speeches in May highlighted the links between corporate governance and risk management.
Fed's Ferguson says Basel II will apply to 20 US banks
The number of US banks expected to implement Basel II is now likely to be twice the number unveiled to a stunned international banking community during Congressional testimony in February, Roger Ferguson, vice-chairman of the US Federal Reserve, has told…
Fed’s Ferguson says Basel II will apply to 20 US banks
The number of US banks expected to implement Basel II is now likely to be twice the number unveiled to a stunned international banking community during Congressional testimony in February, Roger Ferguson, vice-chairman of the US Federal Reserve, has told…
Ferguson named chairman of FSF
Roger Ferguson, vice-chairman of the Board of Governors of the US Federal Reserve System, was named chairman of the Financial Stability Forum (FSF) today.
Basel II: a continental rift
The Basel Committee envisaged an Accord that would be applied to all the world's banks to create a 'level playing field'. But the recent fracas between the US and the EU over implementation threatens this goal.
US-UK regulators clash over Basel II implementation
Last week, senior executives from the US Federal Reserve and the UK Financial Services Authority clashed over the differing implementation plans for the Basel Accord revisions in a pair of speeches delivered to two financial industry trade organization…
Costs of derivatives “exaggerated” and benefits “downplayed”, say Fed officials
Two officials at the Federal Reserve Bank of Dallas have dismissed suggestions that the light oversight of derivatives during the 1990s has led to a “breakdown” of the banking system.
US-based Basel opponents cry "foul" on commercial real estate
Small and medium-sized US banks will be hit hard by the treatment of commercial real estate under the proposed revisions to the Basel Accord, according to Sarah Moore, chief operating officer of the Colonial Bank Group, a regional US bank, at…