During a Congressional hearing, US Treasury secretary Steven Mnuchin expressed concern for financial stability over the rapid growth of non-bank mortgage originators, but was more relaxed about the rise in CLOs. By Justin Pugsley.
Americas
US moving in wrong direction on regulation, says economist
The US is moving in the wrong direction by reducing financial regulation said Lawrence Ball, a Johns Hopkins University economics professor, adding that banks need robust rules.
Survey finds risk and compliance concerns for US banks
Challenges around risk and compliance not only remain high in a number of key areas within US banks and credit unions, but have actually risen, according to Wolters Kluwer’s Governance, Risk & Compliance division.
Legendary central banker Paul Volcker passes away at 92
The former chairman of the US Federal Reserve, Paul Volcker, who was famous for bringing US inflation under control in the early 1980s and later for the rule named after him to curb bank proprietary trading, passed away on December 8, 2019, aged 92.
Mnuchin dismisses CLO concerns, but worries about mortgage origination
During a Congressional hearing, US Treasury secretary Steven Mnuchin expressed concern for financial stability over the rapid growth of non-bank mortgage originators, but was much more relaxed about the rise in CLOs
Growing concern that US regulatory reforms could harbour risks
Although the US never deregulated to the extent President Donald Trump promised, some of the changes that have been made have raised concerns about risk in some quarters
US regulators step up pressure on firms to be ready for Libor demise
As part of ramping up the pressure on financial firms, US regulators are asking them to submit plans demonstrating that they are ready to cope with the likely end of the London interbank offered rate (Libor) in 2021.
Associations challenge proposal of state-specific fiduciary standards for broker-dealers
A proposal by the Commonwealth of Massachusetts for broker-dealers and their representatives to have their fiduciary standards set at state level has received strong opposition from financial services trade associations.
SEC proposing changes to stock market data feeds governance
Following years of complaints from users, the US Securities and Exchange Commission (SEC) is proposing changes to the governance of stock market data feeds.
US regulators clash over direction of CRA reforms
US regulators are at odds over reforms to the Community Reinvestment Act (CRA), a measure designed to meet the credit needs of low- and moderate-income neighbourhoods.
Most Viewed
@RiskRegulator
