|
Dodd-Frank Falls Short on TBTF
|
 Serious questions have been raised recently whether enough is being done to prevent another financial crisis threatening survival of the nation's too big to fail banks. "We have made some progress on the TBTF problem," said William C. Dudley, CEO of the New York Fed, "particularly in reducing the likelihood that a large, complex firm will reach the point of distress at which society faces serious costs. But we have a considerable ways to go to finish the job."
Esther L. George, CEO of the Kansas City bank, questioned whether the "misaligned incentives" that led to the crisis have been corrected. "We cannot expect to have a sound financial system if the key players in it are not held fully responsible for the choices they make," she told global supervisors at a meeting in Panama City, Panama. Read more>>
|
SNL: Undercapitalized Banks Fall to Lowest Level in 3.5 Years
| | Forty-two banks and thrifts were undercapitalized, based on the criteria of having Tier 1 ratios below 4 percent, at Sept. 30, compared to 54 institutions at the end of the second quarter and 72 institutions a year ago, according to SNL data. Read more>> |
|
Mobile Banking Usage Up 50 Percent Since 2011
|
Mobile banking has taken hold around the globe, presenting significant opportunities for banks to drive out costs and deepen customer relationships, according to Bain & Company's annual "Customer Loyalty in Retail Banking Report. Read more>> |
| Register for Webcast |
Staying Up-To-Date with BSA & OFAC: Training for the Frontline
 This webinar will provide an update of the BSA and OFAC regulations, as well as a review of the common mistakes bankers make in attempting to comply with the complicated requirements.
Click here for more information or to register.
|
FDIC Releases Survey on How Banks are Working to Meet the Needs of the Unbanked and Underbanked
| | The survey notes certain strengths among banks' efforts to serve the unbanked and underbanked. The report also identifies five opportunities for banks to increase access to basic financial services. Read more>> |
|
|
CFPB Proposes Allowing Companies to Run Trial Disclosure Programs
|
As part of its Project Catalyst initiative, and in line with its statutory authority, the bureau's goal is to encourage banks, credit unions and other financial services companies to propose and conduct trial disclosure programs. Read more>> |
|
HOLIDAY SCHEDULE
The next issue of BankNews e-Digest will be dated Jan. 2, 2013.
|
|
|
|
Read This Month's
Digital Edition
|
|
Subscribe FREE to BankNews Magazine
to begin or renew your subscription.
| |
| Sign up for BankNews publications. |
BankNews Media
5125 Roe Blvd., #200
Shawnee Mission, KS 66205
Contact:
Scott Englert
Director of Sales
913-261-7057
Jennifer Miller
Adv. Account Executive
913-261-7055
Fax: 913-261-7010
Web: banknews.com
|
|
|
|
