Reed-Grassley Bill Lays Out Another Clawback Construct
Sens. Reed (D-RI) and Grassley (R-IA) introduced yesterday S. 1181, a bill allowing the FDIC to claw back the prior two years of failed bank executive compensation and prohibits them from working at another financial institution for at least two years.
FRB-NY Staff Find Severe Climate Risk At Big Four U.S. Banks But We Wonder
Based on a more in-depth study, a new FRB-NY post measures the market risk to financial institutions related to climate change.
FSB Report Shows Growing Supervisory Interest In Climate-Related Compensation Frameworks
A new FSB report on climate-related financial risk factors in compensation frameworks across the banking, insurance and asset management sectors concludes that financial institutions will need to continuously revise their climate-related criteria to ensure effective alignment of compensation with prudent risk management.
Brown Presses For Stringent FHLB Mission Standards
Following considerable furor over the role of the FHLBs in recent bank failures, Senate Banking Chairman Brown (D-OH) has written to FHFA Director Thompson requesting that the agency’s planned FHLB report also include a detailed assessment of this issue.
Waller Sees Promise In Tokenization, AI
Fed Study: Bank Enforcement Action Resolution Improves Minority Lending Outcomes
A new Federal Reserve paper concludes that enhancing bank loan and internal governance policies is critical to improving access to credit for minority borrowers.