Content tagged with Compliance posted in November 2009
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Deals on Failed Banks Losing Their Luster
Some failed banks are in such bad shape that financial institutions looking for bargain acquisitions wouldn't take them if the FDIC paid them to do so. Oh wait. The FDIC is kind of helping out the buyers, aren't they? But even this incentive still is not enough, as far as some financial institutions are concerned.
Bank Enforcement Cease and Desist Actions Quickly Rising
The financial crisis is causing a dramatic rise in the number of cease and desist orders by bank regulators and should be a warning sign for bank managers and directors, according to analysis by the Regulatory Fundamentals Group.
Geithner Gets Grief from GOP
There were some fireworks yesterday at a hearing held by the Joint Economic Committee between Treasury Secretary Timothy Geithner and Texas GOP Rep. Kevin Brady. In the video below from CNBC.com, Brady plainly stated Geithner should take responsibility for the state of the economy today and all but said he should resign.
NY Fed Could Have Done More in AIG Negotiations
Apparently, the New York Fed could have done more last year when it was negotiating with AIG trading partners. At least that's what Troubled Asset Relief Program special inspector general Neil M. Barofsky suggests in a government report officially released today.
Pay Czar Says He Might Reconsider Rulings if Banks Lose Talent
In an interesting change of heart, Pres. Obama's "pay czar" has said he will consider revisiting the formulas he used to determine executive compensation at bailed out banks if they can show a mass exodus of talent as a result of the punitive measures.
Moving From Stress Tests to Broader Scenario Analyses
By Mike Stefanick, SAS
The Federal Reserve, rating agencies and capital providers are requiring consistent views of banks that extend far beyond a simple snapshot of capital reserves. Today, banks must embrace a richer brand of Scenario Analysis, executing a variety of stress tests and scenarios across all of their portfolios. The payoff extends beyond mere regulatory compliance and institutional health. It also means an enhanced competitive posture.
Fallout From Senate Regulatory Proposal: Break Up the Big Banks? [video]
On top of the Senate's proposed financial reform bill itself, analysis by The Wall Street Journal noted there is a definite mood among Washington Democrats that more needs to be done to keep too-big-to-fail banks in line-like making them split up a la the EU's plan for RBS, Lloyds and Northern Rock.
Senate's Regulatory Bill Calls for Single Financial Regulator [video]
Sen. Chris Dodd (D-CT) will unveil today the Senate Finance Committee's proposals for overhauling the financial regulatory system. The centerpiece is the creation of a single regulator.
Shaking Up UK Banking Giants Could Mean Opportunities for New Banks Like Virgin
The industry is still aflutter with talk of the UK breaking up Royal Bank of Scotland (including its Citizens unit in the United States), Lloyds and Northern Rock at the behest of the European competition authorities. They claim that by splitting these very large financial institutions that received significant amounts of bailout money that consumers in the UK will have more banking choices. Questions remain as to just how much of a difference this will make to the man on the street.
Regulatory Agencies Need to Adopt a New Modus Operandi for Surveillance
In the spirit of being United, as in U.S.A., can't six New England states give us even one failed bank? Every other region managed to do that. Sixty-two percent of the states can account for at least one bank failure this year. Georgia holds the record with 19. There's more to this phenomenon than meets the eye. New England bankers wouldn't lend to their mother if she needed an operation. On the other hand, Bert Lance (former CEO of National Bank of Georgia prior to his stint as Bureau of the Bu
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Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
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