#BCBS – Federal Financial Analytics

30 03, 2023

DAILY033023

Eliza Allen2023-03-30T17:27:30-04:00March 30th, 2023|2- Daily Briefing|

Yellen Calls for Bank, Nonbank Regulatory Rewrite

Implicitly confirming press reports that the White House will soon press for tougher bank rules, Treasury Secretary Yellen today said that, as beneficial as the rules imposed since the great financial crisis have been, more stringent standards are necessary.

Hsu Sets Dual OCC Mission: Safety, Fairness

In remarks today, Acting Comptroller Hsu emphatically echoed statements of other top regulators that the banking system is safe and sound, emphasizing that the OCC is monitoring the market and is prepared to use its tools to protect the system.

Basel Updates Global Liquidity, Operational Standards

Although the U.S. has still not even proposed the Basel IV “end-game” standards, the Basel Committee continues to refine them and today issued its latest set of FAQs.

White House Sets Reg-Reform Agenda

As anticipated early this morning, the White House has issued a statement calling on federal banking agencies to roll back rules the President describes as weakening “common-sense bank safety and supervision.”

Senate Dems Press Agencies to Strengthen Capital Rules

Following this week’s hearings (see Client Report REFORM218), Sens. Warren (D-MA), Blumenthal (D-CT), and Duckworth (D-IL) sent a letter to Vice Chair Barr, Chairman Gruenberg, and Acting Comptroller Hsu urging them to strengthen large-bank capital requirements.

CFPB Stands By Its Small-Business Reporting Rules

Despite strong industry and GOP opposition, the CFPB today finalized its small business data collection rulemaking in a sweeping final rule the Bureau says will increase transparency in small business lending, promote economic …

22 06, 2022

FedFin on: Climate Risk Management

Arezou Rafikian2023-01-26T11:37:39-05:00June 22nd, 2022|The Vault|

The Basel Committee has finalized its proposed climate-risk management principles largely unchanged from its proposal, establishing over-arching goals at which both banks and their supervisors are asked to aim. Much in the final standards echoes proposed OCC risk-management standards proposed in a slightly different form by the FDIC and likely soon to be taken up by the Federal Reserve in inter-agency U.S. goals. Neither Basel’s standards nor these U.S. principles are…..

The full report is available to retainer clients. To find out how you can sign up for the service, click here and here.

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22 06, 2022

CLIMATE14

Eliza Allen2023-01-26T11:37:31-05:00June 22nd, 2022|1- Financial Services Management|

Climate Risk Management

The Basel Committee has finalized its proposed climate-risk management principles largely unchanged from its proposal, establishing over-arching goals at which both banks and their supervisors are asked to aim. Much in the final standards echoes proposed OCC risk-management standards proposed in a slightly different form by the FDIC and likely soon to be taken up by the Federal Reserve in inter-agency U.S. goals. Neither Basel’s standards nor these U.S. principles are binding in terms of specific requirements related to capital, scenario analysis, stress testing, or governance. Indeed, Basel’s final standards back away from suggestions in the consultation about the need in the near term for specific climate-related capital charges and for stress tests. However, these standards are intended to and likely will lay the groundwork for more binding actions as regulators gain more confidence in the data on which concrete requirements can be based and judged.

CLIMATE14.pdf…

24 11, 2021

GSE-112421

Arezou Rafikian2023-05-23T15:06:17-04:00November 24th, 2021|4- GSE Activity Report|

GSEs Get Greener

Because FHFA tends to take its cue from both the Basel Committee on Banking Supervision and its U.S. cousins, we here drill down to look at the housing-finance implications of the proposed global framework we assessed in a recent in-depth report. Although Basel’s standards are only high-level principles and even then not yet final, we expect this framework to combine with work under way at the Fed and OCC to pressure FHFA to speedier action on express climate-risk governance and scenario-analysis requirements.

GSE-112421.pdf…

22 11, 2021

CLIMATE12

Arezou Rafikian2023-05-23T15:28:04-04:00November 22nd, 2021|1- Financial Services Management|

Global Climate-Risk Management and Supervisory Principles

Following the UN’s COP26 climate-risk summit, the Basel Committee has proposed high-level principles guiding risk management and supervision related to both physical and transition climate risk.

CLIMATE12.pdf…

22 11, 2021

Analysis of: Global Climate-Risk Management and Supervisory Principles

Arezou Rafikian2023-05-23T15:28:18-04:00November 22nd, 2021|The Vault|

Following the UN’s COP26 climate-risk summit, the Basel Committee has proposed high-level principles guiding risk management and supervision related to both physical and transition climate risk.

The full report is available to retainer clients. To find out how you can sign up for the service, click here.…