US banks up to market volatility; CAMELS under review

Two US regulators have said that US banks can withstand market volatility, while one of them confirmed that CAMELS is to be reviewed.

FSOC sees no immediate threat from crypto assets

Crypto assets do not pose a threat to US financial stability, but are a danger in terms of criminal activities such as money laundering

Fed consults over simplifying its stress testing regime

The Fed is consulting on a number of proposals for the US stress testing regime, which include raising the threshold on bank own stress tests and to move the biggest banks on to a two-year cycle

New York Fed outlines practices for handling confidential market information

New York Fed reviews its policies on handling sensitive market related information to conform with the goals of the Treasury Market Practices Group (TMPG) and the FX Global Code of Conduct

Four foreign banks’ resolution plans deemed to have weaknesses

The Fed and FDIC have judged the resolution plans of four foreign banks operating in the US as having weaknesses, but that they are not glaring enough to warrant extra prudential measures

US agencies to allow three year phase in for CECL accounting standards

Three US regulatory agencies have decided to allow banks a three year phase in period to adopt the CECL accounting standard

US agencies consult on excluding community banks from Volcker rule

US agencies consulting on excluding certain community banks from Volcker rule requirements

US banking system well positioned to handle tough market conditions

Thanks to high levels of liquidity and capital, strong earnings and improved risk management, US banks are strongly placed to handle tough markets, said an OCC official

Raising US bank capital buffers could be prudent says Fed governor

A governor of the US Federal Reserve sees an argument for raising the capital buffers of big banks in light of growing financial imbalances  

FINRA makes proposals to SEC over dispute resolution rules

FINRA lobbies SEC to make changes over two rules relating to disputes and resolutions