🏦FDIC Seeks Comments on Industrial Bank Regulation and Oversight
The Federal Deposit Insurance Corporation (FDIC) is soliciting comments from interested parties on the FDIC's approach to evaluating the statutory factors applicable to certain filings submitted by industrial banks and industrial loan companies.
Learn More🏦Proposed Changes to Financial Institution Rating Systems by Federal Reserve
The Board is seeking comment on proposed revisions to its Large Financial Institution ("LFI") rating system ("LFI Framework") and the ratings system for depository institution holding companies significantly engaged in insurance activities, referred to as supervised insurance organizations ("Insurance Supervisory Framework," collectively with the LFI Framework, "Frameworks"), which is modeled on the LFI Framework. The proposal would revise the component ratings that a firm must receive to be considered "well managed" under the Frameworks. The proposed revisions reflect experience with the LFI Framework since its introduction in 2018. Specifically, the proposed changes aim to ensure that a firm's "well managed" status reflects that the firm has sufficient financial and operational strength and resilience to maintain safe-and-sound operations through a range of conditions, including stressful ones. The proposed revisions also seek to further align the application of the Frameworks with the operation of other existing supervisory ratings systems. The proposed revisions would not change the scope of firms to which the Frameworks apply. Other changes to the Frameworks and existing supervisory ratings systems will be considered in the future.
Learn More🏦Regulatory Notice on Change in Bank Control for Financial Entities
The Federal Reserve System has issued a notice regarding applications under the Change in Bank Control Act for acquiring shares of banks or bank holding companies. The notice outlines public comments' importance and provides instructions for submitting feedback, emphasizing transparency in the regulatory process. Interested parties are encouraged to share their views within a specified timeframe.
Learn More🏦Notice on Bank Holding Companies Formations and Acquisitions
The Federal Reserve System has published a notice concerning applications for the formation, acquisition, and merger of bank holding companies as per the Bank Holding Company Act. This includes information on how to access these applications and submit public comments on the proposed activities. The notice emphasizes transparency and public involvement in the regulatory process.
Learn More🏦Change in Bank Control Notices and Acquisitions of Shares
This notice from the Federal Reserve System outlines applications under the Change in Bank Control Act, including procedures for public comment on share acquisitions in banks. It emphasizes the importance of compliance and transparency in the regulatory process for prospective acquirers. Interested parties have a specified deadline to submit comments on these applications.
Learn More🏦Federal Reserve Notices on Change in Bank Control Applications
The Federal Reserve has announced changes regarding notices under the Change in Bank Control Act, inviting public comments on proposed acquisitions of bank shares. This process is vital for ensuring transparency and compliance, with specified guidelines for stakeholder involvement and public access to application details.
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