Office of the Comptroller of the Currency (OCC)
A tough balancing act
The Office of the Comptroller of the Currency, under the watchful eye of deputy comptroller Kevin Bailey, is moving ahead with its Basel II policy. Victoria Pennington reports
OCC makes interim change to bank examination schedule
US amends bank examination timetable
OCC reports increase in CDS use by US banks
The US Office of the Comptroller of the Currency (OCC) reported that the notional amount of credit derivatives held by insured US commercial banks rose to $9.0 trillion at the end of 2006. This represents a 55% increase from the $5.8 trillion reported at…
ABA calls for extension of comment period for Basel II NPR
The leading industry association has asked US regulators to extend the deadline to comment on US Basel II rules.
'Unacceptable' for final Basel II rule to reproduce QIS 4 results, says Dugan
While expressing broad support for "the Basel II approach", the US comptroller of the currency, John Dugan, said that this was not "the same thing" as saying that a perfect proposal to implement that approach had been crafted.
Federal regulators release QIS4 summary findings
The federal bank and thrift regulatory agencies have published the ‘Summary findings of the fourth quantitative impact study’ (QIS4).
OCC merges credit and market risk units
The Office of the Comptroller of the Currency (OCC), a division of the US Department of Treasury, which regulates national banks, is in the process of merging its credit and market risk divisions.
OCC merges credit and market risk units
The Office of the Comptroller of the Currency (OCC), a division of the US Department of Treasury, which regulates national banks, is in the process of merging its credit and market risk divisions.
US regulators revise Basel II timetable
US Federal banking agencies have announced a revised domestic implementation timeline for Basel II
BIS issues corporate governance paper
The Basel Committee on Banking Supervision has issued sound corporate governance guidelines for banking organisations. The guidelines, open for public comment until October 31, are to supersede similar principles issued in 1999 by the Committee.
US banks hold $91 trillion in derivatives, says OCC
The notional volume of derivatives held by US banks rose by $3.2 trillion to $91.1 trillion in the first quarter of the year, according to the US Office of the Comptroller of the Currency (OCC).
OCC targets large banks’ reputational risk
WASHINGTON, DC – The Office of the Comptroller of the Currency (OCC) will be paying particular attention to reputation risk management in large banking organisations, says acting comptroller of the currency, Julie Williams.
Dow Jones granted temporary restraining order against ISE
The New York-based International Securities Exchange (ISE) has been temporarily barred from listing and trading options on DIAMONDS, a unit investment trust referencing securities from the Dow Jones Industrial Average index.
Agencies warn banks of risks in bank-owned life insurance
US financial regulators (the Agencies) have released a joint statement warning financial institutions that the purchase and risk management of bank-owned life insurance (BOLI) must be consistent with safe and sound banking practices.
OCC urges banks to match risk appetite with internal control capabilities
The Office of the Comptroller of the Currency (OCC), the primary supervisor of US national banks, has urged banks to match risk appetites with internal control capabilities.
US agencies issue QIS4 and LDCE survey materials
US financial regulators have issued survey materials for the fourth Quantitative Impact Study (QIS4) and the Loss Data Collection Exercise (LDCE) in preparation for the implementation of the Basel II capital framework in the US.
American regulators release proposed guidance for IRB systems for retail credit exposures
The Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Office of Thrift Supervision (The Agencies) have proposed guidelines for Internal Ratings-Based Systems for Retail Credit Risk…
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
Smothered by red tape
In response to a string of dubious structured finance transactions (remember Enron?), the ever-watchful regulators have proposed a set of guidelines which observers fear could choke the market.
Collateralization: A safety net for investors?
The proliferation of credit derivatives has given rise to the widespread use of collateralization—posting collateral against the risk of default. But as Saskia Scholtes reports, this practice may be creating its own risks.
Collateralization: A safety net for investors?
The proliferation of credit derivatives has given rise to the widespread use of collateralization—posting collateral against the risk of default. But as Saskia Scholtes reports, this practice may be creating its own risks.
Dealers hit out at US structured product proposal
Financial institutions are increasingly concerned about a multilateral proposal by the primary US federal banking and securities agencies aimed at offering best-practice guidelines on their use of complex structured finance. They are fearful the…
US regulators extend structured product proposal response period
The five leading US federal agencies have agreed a 30-day extension to the comment period on their proposals for sound practices covering complex structured finance activities.