Press Release: Timothy Rich Named FDIC Atlanta Regional Director

PRESS RELEASE | OCTOBER 2, 2023 Timothy Rich Named FDIC Atlanta Regional Director WASHINGTON – The Federal Deposit Insurance Corporation has appointed Timothy (Tim) Rich Regional Director, Atlanta Region.  In this position, he directs both Risk Management and Consumer Protection supervision programs for financial institutions headquartered in the Region. Mr. Rich has been with the […]

Deutsche Bank regulator tightens oversight in setback to CEO

German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank’s progress in resolving issues at its consumer unit. It’s the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.

CFTC fines Goldman over swaps reporting, futures controls

The U.S. Commodity Futures Trading Commission ordered Goldman to pay a $30 million penalty for failing to “diligently” supervise its swap dealer activities and for failures relating to swap date reporting and so-called pre-trade mid-market marks.

California could complicate banks’ climate reporting obligations

The Golden State appears poised to preempt the Securities and Exchange Commission by enacting rules that would require larger firms to make detailed disclosures about their greenhouse gas emissions. Banking groups are concerned that the state regime won’t align with federal rules.