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News of the Competition (05/09/2014)
  • CHICAGO (5/9/14)--In a Thursday speech, Federal Reserve Gov. Daniel Tarullo said it would be "worthwhile" to consider changing the level at which a financial institution is declared "systemically important" ( MarketWatch May 8).  "Requirements such as resolution planning and the quite elaborate requirements of our supervisory stress testing process do not seem to me to be necessary for banks between $50 billion and $100 billion in assets," he said. "If the line were redrawn at a higher figure, we might explore simpler methods for promoting macroprudential aims with respect to banks above $10 billion in assets but below the new threshold."  More than one-third of U.S. commercial banking assets are held by 80 banks that have more than $10 billion in assets ... 


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Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
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