Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (06/14/2011)
* WASHINGTON (6/15/11)--Big banks will be required to follow the same minimum capital requirements as all other depository institutions under a final rule passed by the Federal Deposit Insurance Corp. (FDIC) board of directors Tuesday. The rule is part of an amendment proposed by U.S. Sen. Susan Collins (R-Maine) to the Dodd-Frank Act. It prevents banks from taking the Basel II “advanced approach” of holding less capital than smaller domestic institutions. Basel II requires banks to use a system in which capital levels could fluctuate. The amendment ensures that even under Basel II, U.S. banks could never reduce their capital below the traditional levels used by domestic regulators for other institutions. The regulation will be issued jointly by the FDIC, Federal Reserve Board and Office of the Comptroller of the Currency …


RSS print
News Now LiveWire
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
13 minutes ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
17 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
18 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
19 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
20 hours ago