The FASB's new standard on accounting for credit losses on financial instruments will affect U.S. banks' reserving practices, says Fitch Ratings. However, it will be manageable as banks have adequate time to prepare for implementation. The new...
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July 21, 2016, 07:13 AM
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According to the latest annual risk report released by The Boston Consulting Group (BCG), whether a bank prevails in global competition will be determined, in large part, by its ability to adapt proactively to relentless waves of regulation.The...
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November 20, 2013, 06:30 AM
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According to Fitch Ratings, the agreement by regulators to change the definitions and stress assumptions in the Liquidity Coverage Ratio (LCR), delay its full implementation and allow banks to use their liquidity buffer in times of stress sets a more...
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January 09, 2013, 07:31 AM
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Bloomberg reported global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch.According to the report, banks won the delay to fully...
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January 07, 2013, 07:50 AM
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According to a Bloomberg report, Banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said. The report outlines how the proposed rule pushes...
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December 21, 2012, 07:00 AM
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The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks. The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over...
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December 17, 2012, 07:00 AM
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Bloomberg reported Treasury Secretary Timothy F. Geithner has challenged bankers to give him specifics on their complaint that the Dodd-Frank Act is imposing costly, confusing and burdensome regulations on them, according to four people familiar with...
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June 06, 2012, 07:30 AM
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