Banking & Financial Services E - Note - May 2014

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.

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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.

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