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Aug 29, 2024 | 
jdsupra.com | Henry Fields |Kelley A. Howes |Jiang Liu
On July 30, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a notice of proposed rulemaking (NPR)[1] that would expand the FDIC’s role under the Change in Bank Control Act of 1978 (CBCA).[2] The NPR seeks, in part, to address the FDIC’s concerns about the increasing stakes in insured depository institutions (IDIs) and their holding companies (IDI Holding Companies) held by large fund complexes and other asset managers.
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Feb 8, 2024 | 
jdsupra.com | Henry Fields |Jiang Liu |Barbara R. Mendelson
On January 29, 2024, the OCC issued a proposed policy statement[1] describing the general principles it uses to evaluate applications for approval of transactions under the Bank Merger Act (“BMA”), principally bank mergers, consolidations, and deposit assumptions (“Business Combinations”).
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Oct 25, 2023 | 
law360.com | Jason Shafer |Henry Fields |Jiang Liu
By Jason Shafer, Henry Fields and Jiang Liu (October 25, 2023, 4:52 PM EDT) -- On July 27, U.S. bank regulatory agencies — the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corp. — proposed major changes to how large banking organizations with $100 billion or more in total assets risk-weight their loans, including commercial real estate loans.... Law360 is on it, so you are, too.
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Sep 20, 2023 | 
jdsupra.com | Mark Edelstein |Henry Fields |Jiang Liu
Background. As part of an international effort to recalibrate how banks calculate their risk‑based capital, U.S. bank regulatory agencies (the “Agencies”) recently proposed major changes to how banks would be required to risk-weight their loans, including CRE loans.[1] If adopted, the proposal could ultimately affect how banks underwrite and price CRE loans.
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Sep 6, 2023 | 
lexblog.com | Henry Fields |Jiang Liu |Jeremy Mandell |Barbara R. Mendelson
On July 27, the three federal banking agencies (the Agencies)[1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). The Proposal is the U.S. adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision. The 2017 revisions are commonly referred to as the Basel III Endgame.
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Aug 17, 2023 | 
jdsupra.com | Henry Fields |Jiang Liu |Jeremy Mandell
On July 27, the three federal banking agencies (the Agencies)[1] jointly proposed changes to the regulatory capital framework applicable to large banks and bank holding companies (the Proposal). The Proposal is the U.S. adaptation of the 2017 revisions to the Basel III capital regime promulgated by the Basel Committee on Banking Supervision. The 2017 revisions are commonly referred to as the Basel III Endgame.
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Aug 17, 2023 | 
mondaq.com | Henry Fields |Jiang Liu |Jeremy Mandell |Barbara R. Mendelson
On July 27, the three federal banking agencies (the
Agencies)1 jointly proposed changes to the regulatory capital
framework applicable to large banks and bank holding companies (the
Proposal). The Proposal is the U.S. adaptation of the 2017
revisions to the Basel III capital regime promulgated by the Basel
Committee on Banking Supervision. The 2017 revisions are commonly
referred to as the Basel III Endgame.
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May 12, 2023 | 
jdsupra.com | Henry Fields |Malka Levitin |Jiang Liu
On April 28, 2023, the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the United States Government Accountability Office (GAO), and the New York Department of Financial Services (NYDFS) released reports related to the failures of Silicon Valley Bank (SVB) and Signature Bank. These reports were issued prior to the sale of First Republic Bank.
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Mar 22, 2023 | 
jdsupra.com | Benjamin Butterfield |Henry Fields |Dillon Guthrie
UPDATE (3/20 PM):Developments Related to Flagstar Bank, SVBB, SVB Financial Group, Credit Suisse, and First Republic BankOn March 19, 2023, the FDIC announced that the agency has entered into a purchase and assumption agreement for “substantially all deposits and certain loan portfolios” of Signature Bridge Bank, N.A. by Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, Inc. The deal does not include Signature Bridge Bank’s digital banking business.
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Mar 13, 2023 | 
jdsupra.com | Benjamin Butterfield |Henry Fields |Dillon Guthrie
UPDATE (3/12 PM): U.S. Treasury Uses Systemic Risk Exception to Protect Depositors of Failed Banks and the Federal Reserve Board Establishes New Emergency Facility Following the failure of Silicon Valley Bank (SVB) on March 10, 2023, U.S. Treasury Secretary Janet Yellen approved actions enabling the Federal Deposit Insurance Corporation (FDIC) to complete its resolution of SVB in a manner that ensure that depositors of SVB have access to their insured and uninsured funds starting on Monday,...
