OCC: Supervision Support Functions Consolidated, New Units Announced
The Office of the Comptroller of the Currency today announced realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers. “This realignment will improve the agency’s ability to supervise the federal banking system by aligning like work, eliminating…
FDIC: Agency to Centralize Key Aspects of Its Large, Complex Financial Institutions Activities
The Federal Deposit Insurance Corporation (FDIC) today announced its intentions to centralize the supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution (CISR). “Centralizing the FDIC’s expertise of large, complex financial institutions into a single division within…
FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs
Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development…
FDIC: CRA Examination Schedules for Third and Fourth Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter of 2019 and fourth quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…