In This Issue:
- Fed Regulator Calls for End of Banks' Self-Grading of Risk
- Regulator Won't Act on Loan Limits for Fannie Mae and Freddie Mac
- Community Bankers Support Tiered Banking Regulatory System
- Banks Making Progress on Checking Account Transparency
- FFIEC Details Banks' Responsibilities Against Cybersecurity Threats
- Excerpt from Fed Regulator Calls for End of Banks' Self-Grading of Risk:
Under international banking rules, large banks are allowed to use their own tests to assess the riskiness of their assets and activities. In a speech, Daniel K. Tarullo, the Fed governor who oversees regulation, said he believed that regulators should consider stopping the banks from using their own estimates.
Please see full E-Note below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Banks, Community Banks, Cybersecurity, Data Protection, Fannie Mae, FFIEC, Financial Regulatory Reform, Freddie Mac, Lending Limits Rule, Risk Assessment, Risk Management
Published In: Finance & Banking Updates, Privacy Updates, Residential Real Estate Updates, Science, Computers & Technology Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Burr & Forman | Attorney Advertising