Regulatory News

Keeping an Eye on Credit Risk

By Mary Ellen Biery, Sageworks

U.S. banks have been posting strong profitability, and credit quality remains sound thus far in 2018. In fact, regulators have noted as much in both the FDIC’s third-quarter banking profile and the OCC National Risk Committee’s semiannual report on risks issued recently.


OCC Report Discusses Key Risks for Federal Banking System

December 3 — The Office of the Comptroller of the Currency reported credit, operational, compliance, and interest rate risks are key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2018.


Treasury’s FinCEN and Federal Banking Agencies Issue Joint Statement Encouraging Innovative Industry Approaches to AML Compliance

December 3 — As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence and the Federal depository institutions regulators, the Financial Crimes Enforcement Network (FinCEN) and its regulatory partners today issued a joint statement to encourage banks and credit unions to take innovative approaches to combating money laundering, terrorist financing, and other illicit financial threats.


Taking Stock: Regulators Report to Congress on S. 2155

By Bill Poquette, Editor-in-Chief

Just over six months ago, the banking industry was thrilled to welcome final passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. Finally, the decade-old Dodd-Frank curse was eased. Constant pressure from financial institution trade groups and their members led to rare bipartisan agreement on a package of relief measures holding great promise for the industry — especially community and regional banks — and the communities it serves.


Most Bankers Expect to Use Third-Party Vendors, Advisors for CECL

October 30 — A majority of bankers expect their financial institutions to use third-party vendors or a combination of advisors and third-party vendors to help them implement the Current Expected Credit Loss model, or CECL, according to an informal poll released by Sageworks and MST.


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