Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (11/02/2010)
* WASHINGTON (11/3/10)--The Financial Stability Board issued a 26-page report containing more than 20 recommendations aimed at strengthening oversight of systematically important financial institutions. The report noted that before the financial crisis some supervisors failed to provide an appropriate balance between risk assessment and capital requirements. The board’s proposed changes seek to make systematically important institutions less vulnerable to potential failure (American Banker Nov. 2). Recommendations include expanding supervisory powers as well as enhancing horizontal reviews and stress tests. Improved macroprudential surveillance was also recommended to identify trends and developments likely to harm institutions’ risk profiles. The Financial Stability Board called on the Basel Committee on Banking Supervision to use peer review to examine stress-testing practices in its 2009 paper and create a stronger tool for identifying future risks …


RSS print
News Now LiveWire
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
13 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
14 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
14 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
14 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
14 hours ago