Events listed in Federal Deposit Insurance Act (FDIA)
Special Assessment Pursuant to Systemic Risk Determination
ID 25984
Following the consultation on proposed regulation aimed at recovering the losses incurred by the Deposit Insurance Fund (DIF) due to failures of the Silicon Valley Bank (SVB) in Santa Clara, CA, and Signature Bank (SB) in New York, NY, earlier this year, the Federal Deposit Insurance Company (FDIC) has now released its final regulation in this matter. #### Background To recall, in an effort ...
Guidelines Establishing Standards for Corporate Governance and Risk Management for ...
ID 25281
The Federal Deposit Insurance Corporation, FDIC, has launched a consultation on proposed new guidelines which would establish standards for corporate governance and risk management of covered institutions with $10 billion or more in total consolidated assets. The guidelines would be introduced as new Appendix C of the FDIC’s safety and soundness regulations under Statutory Instrument 12 CFR Part 364 and would have the power ...
SR 23-4
ID 23609
In view of the publication of U.S. banking regulators‘ joint Interagency Guidance on Third-Party Relationships: Risk Management (please see Event ID 21424 in this context), the Board of Governors of the Federal Reserve System (FED) has published a corresponding Supervision and Regulation Letter (SR 23-4). The letter briefly informs of the key purpose of the new guidance which is to aid banking organizations in ...
Agencies issue final guidance on third-party risk management
ID 23601
The Board of Governors of the Federal Reserve System (FED) has published a press statement to announce that the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the FED itself have finalized their [Interagency Guidance on Third-Party Relationships: Risk Management](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230606a2.pdf). The guidance is addressed at supervised institutions seeking to outsource sp ...
Special Assessments Pursuant to Systemic Risk Determination
ID 23352
**In view of the recent failures of the Silicon Valley Bank (SVB) in Santa Clara, CA, and Signature Bank (SB) in New York, NY, the Federal Deposit Insurance Corporation (FDIC) has published in the Federal Register a proposed regulation that aims to recover the losses incurred by the Deposit Insurance Fund (DIF) when safeguarding uninsured depositors of the two failing institutions in accordance with ...
Acting Comptroller Issues Statement in Support of FDIC Notice of Proposed ...
ID 23351
The Office of the Comptroller of the Currency, OCC, has published a statement as regards the proposed new rule of the Federal Deposit Insurance Corporation (FDIC) which seeks to impose additional levies on the uninsured deposits of financial institutions for the period of two years to recover the losses to the Deposit Insurance Fund (DIF) caused by the failures of the Silicon Valley Bank ...
Branch Closings: Revised Comptroller’s Licensing Manual Booklet
ID 21769
The Office of the Comptroller of the Currency, OCC, has published an updated version of its Licensing Manual: Branch Closings. The Manual sets out the notification requirements of (foreign) national banks and savings associations seeking to close down a branch. The Manual thereby describes in detail, among other things, – the requirement of affected banks and savings associations to provide an advance notice to ...