Tag Archives: FDIC

Monday, February 10, 2014

FDIC to launch Cyber Challenge for banking institutions

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FDIC Chairman Martin Gruenberg announced last week that the regulator plans to launch the “Cyber Challenge” to help banks prepare for cybersecurity risks. “Recognizing that addressing cyber risks can be especially challenging for community banks, the FDIC is taking steps … Read More…

Tuesday, December 17, 2013

FDIC appointed receiver for failed Texas Community Bank

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The OCC recently appointed the FDIC as receiver for failed Texas Community Bank NA based in Woodlands, Texas—the 24th FDIC-insured institution to fail this year. The FDIC entered into a purchase and assumption agreement with Spirit of Texas Bank to … Read More…

Friday, November 15, 2013

ABA: FDIC’s interim Basel III rule does not fit U.S. banking industry, economy

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In a letter to the FDIC, the American Bankers Association said on Tuesday that the FDIC’s interim final Basel III capital rule “does not create a regulatory capital framework that fits the U.S. banking industry and economy.” The ABA warned … Read More…

Thursday, November 14, 2013

FDIC releases 2014 stress testing scenarios for banks

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The FDIC released on Tuesday the economic scenarios that will be used by financial institutions with $10 billion or more in assets for Dodd-Frank-mandated stress testing in 2014. The scenarios—baseline, adverse and severely adverse—include variables that reflect economic activity, including … Read More…

Tuesday, November 5, 2013

OCC, FDIC propose liquidity coverage ratio standard

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The OCC and FDIC proposed a rule last week designed to strengthen the liquidity risk management of large banks and savings institutions. The rule is substantially similar to the proposal approved by the Federal Reserve in October—the proposal is applicable … Read More…

FDIC announces personnel changes

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