Events listed in [FED] Federal Reserve Board
Announcement of Financial Sector Liabilities
ID 23678
The Board of Governors of the Federal Reserve System (FED) published in the Federal Register its annual determination of the aggregate consolidated liabilities of financial companies as required by section 622 of the Dodd-Frank Act. The act prohibits a financial company from combining with another company, if the resulting company’s liabilities would exceed 10 percent of the aggregate consolidated liabilities of ALL financial companies. ...
Interagency Guidance on Third-Party Relationships: Risk Management
ID 23654
Following a consultation on a proposed new Interagency Guidance on Third-Party Relationships: Risk Management in 2021, the Board of Governors of the Federal Reserve System (FED), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Company (FDIC) have now published in the Federal Register the finalized version of the guidance. The final version includes the feedback, the regulators have ...
Agencies propose interagency guidance on reconsiderations of value for residential ...
ID 23629
The Board of Governors of the Federal Reserve System, FED, has published a press statement to announce an upcoming consultation on new Interagency Guidance on Reconsiderations of Value (ROV) of Residential Real Estate. The guidance will be issued by five (banking) regulators, including the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of ...
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 ...
Agencies request comment on quality control standards for automated valuation ...
ID 23526
Several U.S. banking regulators, including the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency, have announced an upcoming consultation as regards the use of automated valuation models (AVMs) in assessing the value of collaterals involving ...
Agencies issue host state loan-to-deposit ratios
ID 23324
On May 19, 2023, the Board of Governors of the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) published the new 2023 host state loan-to-deposit ratios which are used „to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.“ According to section 109 of the ...
SR 23-3 / CA 23-4
ID 23146
On May 8, 2023, the Board of Governors of the Federal Reserve System, FED, published a Supervision and Regulation Letter (SR 23-3 / CA 23-4) to inform FED-supervised institutions that it is planning to adopt a new technical solution for the communication between institutions and the FED as regards supervisory events. The new solution, the so-called One Agile Supervision Solution (OASiS) application, is an ...
Federal Reserve Board announces the results from the review of the supervision and ...
ID 23049
On April 28, 2023, the Board of Governors of the Federal Reserve System (FED) issued a press statement to inform that Michael Barr, Vice Chairman for Supervision of the FED, has concluded its review of the causes of the recent failure of the Silicon Valley Bank (SVB). In a corresponding report published same day, Mr. Barr outlines the root causes of the failure and ...
Interagency Policy Statement on Allowances for Credit Losses (Revised April 2023)
ID 23028
Following the initial publication of a revised Interagency Policy Statement on Allowances for Credit Losses by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) on the FED’s website on April 21, 2023, the statement was now published in the Federal ...