BankNews.com

BankNews

Regulatory News

Community Banks Should Embrace Libor Alternatives

By Richard Sandor

Federal Reserve Bank of New York President John Williams recently told an audience of financial firms he sensed foot dragging among market participants when it comes to finding an alternative to the Libor interest rate benchmark.

(more…)

Treasury Agreements Provide Critical Protection

By Anton J. Moch

Picture this: a customer calls to tell you the new mobile payment application you offer through your third party data processor resulted in an unauthorized draw on his $50,000 credit line. The result is an improper electronic payment being made to an outside party.  

(more…)

Best Practices in Banking Vendor Management

By Scott Sargent

For the past several years, federal regulators have targeted vendor management risk as one of their top regulatory priorities. The growing reliance on third-party service providers is only increasing the need and demand for effective vendor management programs.  On April 2, the FDIC reminded the banks under its supervision that it expects them to comply with the guidance previously issued.[1]

(more…)

Regtech Pioneer Believes Adaption Is Accelerating

By Justin Dullum

Jo Ann Barefoot has been doing a lot of globetrotting lately. Since being named the first female Deputy Comptroller of the Currency in 1978, Barefoot launched a career in the private sector and describes herself as a “serial entrepreneur.” She is currently CEO of Barefoot Innovation Group, something of a think tank for financial technology, regulatory reform and the future of banking. She is a co-founder of Hummingbird Regtech (industry shorthand for regulation technology), and is a senior fellow emerita at Harvard University’s John F. Kennedy School of Government’s Center for Business & Government.

(more…)

FDIC Chairs Consider the Cycles of Regulation

By Tom Bengtson

Can regulators reduce the regulatory burden for bankers without hurting industry safety and soundness or weakening consumer protections? Two FDIC chairs — one former, one current — shared comments that addressed that question during recent forums in Minneapolis.

(more…)
  • Sign Up

  • Categories

  • Archive

Software: Kryptronic eCommerce, Copyright 1999-2019 Kryptronic, Inc. Exec Time: 0.069916 Seconds Memory Usage: 3.799858 Megabytes
Kryptronic