Office of the Comptroller of the Currency (OCC)
An operational model
Scarce and shallow loss data has been the bane of operational risk models historically, but a new paper calls for more work on statistical approaches that could improve their sensitivity. By Peter Madigan
Problem banks rise to highest level since 1994
The list of problem banks maintained by the Federal Deposit Insurance Commission (FDIC) has soared to 416, the highest level since 1994.
FDIC seeks feedback on SPV FASB accounting changes
US regulatory authorities are to consult financial institutions over impending changes to accounting principles that could bring billions of dollars in off-balance-sheet conduits and other vehicles back onto bank balance sheets, ramping up firms' capital…
Geithner calls time but regulatory wrangling continues
Treasury Secretary loses patience as US regulators continue to bicker over supervisory reform
Regulatory turf war hits Congress
A battle for influence among US financial regulators broke out in Congress on July 24, as they testified before a Congressional committee on the merits of the Obama administration's proposals for regulatory reform.
Doubt over Fed’s ability to limit systemic risk
The Obama administration’s proposals for safeguarding the financial system place the US Federal Reserve at the heart of a new regulatory regime for systemic risk, but some former regulators are sceptical of the Fed’s ability to carry out the job.
Agencies aim to unite US with Basel liquidity risk standards
US regulatory authorities yesterday released proposed guidance on contingent funding and liquidity risk in a bid to bring US financial institutions into alignment with international liquidity standards.
Industry opposes mandatory clearing
Compulsory central clearing is not a one-stop solution to the problems of the derivatives markets, and could end up crippling the industry, warned speakers at an industry event in London on Tuesday.
Obama administration favours a single banking regulator
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FDIC taps insured banks for funds as reserves dwindle
The Federal Deposit Insurance Corporation (FDIC) is to levy an additional five-basis-point special assessment charge on depository institutions at the end of the third quarter to boost its fast-dwindling deposit insurance fund (DIF).
Lessons learned
OpRisk USA
$9.2 billion derivatives losses for US banks in Q4
US commercial banks reported $9.2 billion in derivatives trading losses during the fourth quarter of 2008, bringing total trading losses in 2008 to $836 million, according to a quarterly report by the Office of the Comptroller of the Currency (OCC). This…
Dugan: more US banks will fail in 2009
In an exclusive interview with Risk , John Dugan, the US Comptroller of the Currency, said he expected more US banks to topple in the year ahead.
Time for change
The US has been at the centre of the storm raging through financial markets over the past year, and the country's regulators have been tasked with stemming the fallout from the crisis. John Dugan, comptroller of the currency, discusses the regulatory…
Denial is not a strategy, says OCC chief
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US banks biding time on Basel II, says Dugan
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US regulators encourage loss-mitigation strategies
Six US regulatory agencies have called for more loss-mitigation strategies to prevent homeowner defaults on mortgages. In a joint statement released yesterday they said that all regulated financial institutions that service mortgage loans should take…