Sentences with phrase «as a bank regulator»

Today, in an interview on CNBC and a short blog post, New York Times columnist Joe Nocera challenges Geithner's qualifications as a bank regulator:

'» Mortgage fraud became rife as bank regulators failed to protect consumers or the economy at large.

In addition, it aims to keep long - term interest rates relatively low, and since 2009 has served as a bank regulator.

We deal regularly with the DOJ and the SEC, as well as bank regulators such as the FDIC, the OCC, the Federal Reserve, FINRA and SIGTARP.

«Simultaneous alliances with several insurers will now be encouraged as the bank regulators no longer intend to have an affiliation with a single insurer in each domain of life, non-life and independent health insurers,» states a private sector's head of distribution life insurer.

The new agency would focus on the securitization of «qualified residential mortgage» loans, but those loans wouldn't be determined based on the amount of the down payment the borrower puts up, as banking regulators have proposed and which NAR opposes.

Not exact matches

Greek banks could soon bring new problems to Europe, as regulators test how sound they are after eight years of economic turmoil.

It goes like this: first of all, the bank is constantly scanning the horizon for smoke signals, looking for possible incipient trouble in big banks as well as the so - called «shadow banking system» (non-bank institutions that perform some bank - like functions) and trading information with other regulators.

The banks» mortgage portfolios this quarter saw little impact from the federal financial regulator's new underwriting rules for uninsured mortgages, as of Jan. 1.

At the start of April, regulators in Japan introduced new rules that treated bitcoin less like an outlaw currency and more as a part of the banking system.

The allegations come from workers at the bank regulator known as the Financial Crimes Enforcement Network (FinCEN), which maintains a database of suspicious transactions in the U.S..

Financial regulators approved a Dodd - Frank requirement known as the Volcker rule that limits banks» ability to engage in proprietary trading.

IOWA CITY, Iowa, April 24 - Wells Fargo & Co executives planned to convey a message of atonement to shareholders at the bank's annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past.

Similarly, some regulators and average citizens are losing patience with the largest banks, judging that the giants may just be irresponsible as a matter of character.

Since then, commodities trading has come under pressure at big banks as funding costs have risen and regulators have clamped on their ability to make bets with their own money.

Wednesday's rule applies to banks and to large financial firms who are designated as «systemic» by the Financial Stability Oversight Council, a federal government panel of regulators that polices for emerging market threats.

One is that some of the post-crisis efforts to overhaul the financial system, such as Congress» massive Dodd - Frank bill of 2010, and the Basel III rules, crafted by global banking regulators, are finally starting to be implemented.

As Congress considers or creates new structures to allow information sharing regarding cybersecurity and other matters among law enforcement agencies and regulators, we strongly urge the inclusion of state securities, insurance, and banking regulators in those discussions and in any new framework.

As regulators seek to impose a $ 1 billion penalty on Wells Fargo over mortgage fees and car insurance, the bank said on Friday...

Financial regulators on both sides of the Atlantic imposed multibillion - dollar fines on five global banks Wednesday as part of investigations into rigging of key foreign exchange markets.

«We were in this so - called golden age of banking, regulation had fallen out of favor and the F.D.I.C., which had a reputation as a tough regulator, had fallen on hard times.»

Last week, Singapore's central bank announced that it was also scrutinizing coin offerings and applying a similar framework as the United States regulator.

As 2014 wound down, the banking industry received a couple of gifts from regulators.

In Edinburgh on Friday, Bank of England Governor Mark Carney launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.

As regulators squash bitcoin exchanges and token offerings, officials from the PBoC maintain interest in creating a central bank - issued digital currency.

As governments and regulators put more pressure on banks to resolve capital shortfalls and exit state ownership, private equity offers a logical and attractive path to recovery.

LONDON (Reuters)- The world's top 30 banks face a higher minimum requirement for their broadest measure of capital, global regulators said on Monday as they flagged a two - tier leverage ratio regime for the first time.

And over the long term, the ability to defend against the impact of such crises can be improved by the banks themselves, as well as by the policymakers and regulators.

Wednesday's rule applies to banks and to large financial firms who are designated as «systemic» by the Financial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging market threats.

The regulators have yet to decide what form the extra requirements should take, such as a flat surcharge or a graduated increase, depending on how big a bank is.

In early deliberations over the financial regulatory plan known as Dodd - Frank, Summers captured the president's imagination with a colorful analogy that emphasized the need for a new agency to protect consumer interests, saying banking regulators could not be trusted to do the job, according to participants in the meeting.

Banks, regulators and industry associations are pushing on with talks on a new Professional Banking Council as round two of the royal commis...

Mr. Fazio resigned last week from his lifetime appointment as governor of the Bank of Italy, Italy's chief banking regulator, after 12 years in office.

He has produced a deep treatise on government debt, served as chairman of a world - spanning regulatory body, run Italy's central bank (while remaining coolly removed from the scandals and fracases of Italian politics) and made a pile of money working at Goldman Sachs — all without being pigeonholed as an academic, regulator or investment banker.

Last year, Chinese regulators told banks to stop providing funding for several of Wanda's overseas acquisitions as Beijing looks to curb what it sees as irrational spending by some major domestic conglomerates, sources have said.

As Bank of England Governor, Carney has called on regulators to put an end to crypto «anarchy,» arguing that digital assets should be governed by existing financial rules.

Mr Gruenberg remains in place five months after the expiry of his term as head of the Federal Deposit Insurance Corporation, a bank regulator.

Energy Commercial Bank Ltd. of Ghana will raise about 330 million cedis ($ 75 million) through an initial public offering as the lender prepares to meet the regulator's new threshold for capital requirements.

Bank of England Governor Mark Carney on Friday launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.

Despite my strong affinity toward the asset management industry, I fear for the implication of regulators labeling it «shadow banking sector ``, i.e. asset managers who have stepped - in to fund projects and make loans as risk averse banks retreated.

As the digital currency industry begins its recovery from the Christmas - time slump, bearish news emerges from Poland, suggesting that the central bank and top financial regulator are backing an...

Adair Turner, former chief regulator of the British banks, argues that we need to reign in the growth of unproductive private debt by imposing tighter controls on banks through much higher capital requirements and by imposing limits on borrowing, such as maximum loan to value mortgage rules.

To preside properly as a regulator, it needs the same power over governance at state banks as private ones.

The once - booming controversial financial sector, which has on many occasions caught the ire of regulators, appears to be showing distinct signs of faltering as evidence mounts of investors withdrawing from those savings products that once helped to bolster the shadow - banking sector to unprecedented, dangerous levels of leverage.

The situation will undoubtedly also have been supported by the ruling in December from the CBRC, which discourages banks from referring their clients to invest in such products, as well as the regulator's recent mandate that firms tighten their risk management and disclosure around entrusted loans.

As we have previously reported, U.S. regulators have been investigating the banking cartel's rigging of Libor since the spring of 2008.

«A new U.S. rule aimed at restoring consumers» ability to band together to sue financial companies has survived its first challenge, as a top banking regulator on Monday said he would not petition for it to be suspended... «The rule is a well thought - out response to the serious consumer harm of forced arbitration,» said Brian Marshall, policy counsel for advocacy group Americans for Financial Reform.»

Banks for their part (and indeed, bank regulators and the Federal Reserve) need to decide at what point to cut back their mortgage lending so as not to fuel an overpriced market and have to deal with debt defaults.

In particular, some regulators want banks to have more deposit funding because it is seen as more stable.

Double digit ownership of voting shares certainly is a threshold most competent regulators set as requiring active assent for any bank investment.