Fed’s SVB review points to tougher bank regulation
Investment Executive 05/01/2023
With a fresh bank failure already on their hands at First Republic, the U.S. banking regulators’ reviews of the year’s earlier bank implosions signal tighter regulation is likely on the way, says Moody’s Investors Service in a new report…
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CFPB proposes rule to apply TILA requirements to PACE loans
ABA Banking Journal 05/01/2023
The CFPB today released a proposal for applying ability-to-repay requirements to residential property assessed clean energy, or PACE, loans. The proposal, required by the S. 2155 regulatory reform law, would also apply civil liability provisions…
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Financial services regulators ramp up cybersecurity reporting requirements
Lexology 05/01/2023
US financial services regulators are continuing to enhance cyber reporting requirements in response to increasing geopolitical tensions, emerging…
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Accounting for Bank Failure
Harvard 05/01/2023
On the one hand, fair-value accounting for securities would have caused SVB to recognize its losses earlier and, perhaps, to have avoided those losses in the first place. On the other hand, greater accounting transparency can unnecessarily cause bank depositors…
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FDIC suggests ‘targeted’ coverage best option for deposit insurance reform
ABA Banking Journal 05/01/2023
A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said today in its long-awaited review of the system…
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