Press Release: Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution
PRESS RELEASE | SEPTEMBER 11, 2026 Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution WASHINGTON—Senior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission, and Federal Reserve Board convened for a tabletop exercise on September 3, 2026, to discuss certain […]
Regulators propose new guidance on core providers
Bank and credit union regulators proposed a rule that would apply more supervisory oversight to core service providers, saying the firms sometimes provide little transparency to banks and can disrupt due diligence processes.
Lenders see robust jumbo market despite tightening credit
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
Press Release: Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
PRESS RELEASE | SEPTEMBER 11, 2026 Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers WASHINGTON—Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment […]
As banks’ AI use evolves, core truths about the business still apply
Artificial intelligence tools will certainly change the way the banking industry operates, but they won’t eliminate the need to build your business on a firm foundation of care for employees, customers and shareholders.
Modest CPI reading gives Fed no clear direction on rates
The consumer price index rose 0.4% last month, in line with July’s reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.
What 9/11 didn’t, and did, change about America
I don’t go in much for 9/11 retrospectives. I’ve never seen any documentaries about it, never seen any movies about it, never read any books. I don’t need to. I saw the event itself.
Lessons from 9/11: How one NYC community bank rebounded
Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank’s first disaster-recovery plan.
9/11 inspired counterterrorism. Now we have counter-fraud.
Less than half the information banks share under the program relates to money laundering or terrorist financing, by Fincen’s own count. Most is fraud.
Back to buying mode: Two banks acquire insurance agencies
New York’s Arrow Financial and Pennsylvania’s First Commonwealth Financial were seeing their insurance revenue grow before they announced agency purchases this week. Prior to 2025, banks were shedding their insurance agencies.