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
Mich #creditunions encourage everyone to #CULunchLocal Oct 14 as part of #ICUDay http://t.co/NZp71fgr8Z
11 minutes ago
.@IllinoisLeague Hession: #HB5342 cause for celebration...will serve as a model across the country for state, fed regulators @GovernorQuinn
27 minutes ago
.@GovernorQuinn signs #HB5342 providing parity for state-chartered #creditunion examinations via @IllinoisLeague http://t.co/yrhoCkE4ER
1 hours ago
.@Walmart's US CEO Bill Simon to step down, Greg Foran moves up via http://t.co/WIqJbYcapL
1 hours ago
.@NCUA just releases 3 segments of new online series to help CU managers, volunteers detect/deter fraud http://t.co/JgyRHcfgit
1 hours ago