Regulators to Impose Long-Term Debt Mandate on Banks Exceeding $100 Billion in Assets
Federal banking regulators are set to introduce a new regulation stipulating a long-term debt mandate for banks with assets over $100 billion Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg said in a recent speech. Gruenberg detailed a series of additional measures that federal regulators are adopting in response to the bank failures that occurred earlier in the year. They include the introduction of a new long-term debt requirement, the prior proposal of more stringent capital standards for banks with assets exceeding $100 billion and stronger resolution planning for banks with over $50 billion in assets.
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FDIC Releases 2023 Risk Review
The FDIC has added a new section on crypto-asset risks to its annual risk review. The report summarizes conditions in the U.S. economy, financial markets and banking industry.
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OCC Updates Accounting Advisory
The Office of the Comptroller of the Currency (OCC) recently issued its yearly update to the Bank Accounting Advisory Series. This document includes answers from OCC staff to common questions about accounting matters from both banks and bank examiners and covers various topics like loan modifications, credit losses, and changes in accounting for troubled-debt restructurings as per the updated FASB standards.
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