Office of the Comptroller of the Currency (OCC)
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…
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