American Bankers Association (ABA)
The weight of blame
The public's perception of banks has hit rock bottom, and politicians have pounced on the opportunity provided by the crisis to increase their own popularity. So banks face not only loss of business but also increased regulation.
Be prepared
Nobody likes change. And it is difficult at the moment to predict where the US is heading next on the regulatory front. But having an enterprise risk management system in place will help banks face the coming market and regulatory challenges. Victoria…
US banks keep a close eye on compliance
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Obama administration favours a single banking regulator
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Concerns over political influence overshadow FASB's changes to fair value
US auditors and investors are concerned that accounting standards are being dictated by politicians rather than independent standard setters.
ABA calls for action on mark-to-market accounting
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ABA president expresses banks’ anger in letter to US Treasury
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Market reacts to US Treasury subprime plan
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Strength in numbers
Data consortiums for loss information are popping up all over the globe. Why are they proving so popular? Duncan Wood reports
ABA welcome report on easing regulatory burdens in the US
Committee on Capital Markets Regulation report matches up to industry’s wishes
ABA backs use of Basel II standardised approach in US
The American Bankers Association (ABA) says the standardised approach to Basel II should be included as an option for financial services firms in the Notice of Proposed Rulemaking (NPR), and that banks should be granted a choice over which methodology…
ABA supports NPR and Basel 1A
The American Bankers Association (ABA) has commended banking regulators for continuing the dialogue on implementing Basel II. "It is good to know that we are proceeding in the context of broad agreement on the goals for the new standards. The task now is…
Basel I will stand the test of time, Says Schmidt Bies
Basel I will remain appropriate for most US banking organisations for years to come, says Susan Schmidt Bies, member of the board of governors of the Federal Reserve System.
SEC chief steps down
Chairman of the US Securities & Exchange Commission (SEC) William Donaldson has resigned his position to return to the private sector, leaving a demanding job at the country's lead regulatory agency of the securities industry.
Basel II is a bonus for economic stability, says Greenspan
Better management of banking risk and new rules on capital hold the promise of a stronger banking system that will contribute to economic growth, according to US Federal Reserve chairman Alan Greenspan.
SEC capital rules proposals provoke heavy industry criticism
The capital adequacy rules proposed by the US Securities and Exchange Commission (SEC) have ignited a flurry of criticism from both US and European commentators.
Glass-Steagall and Dingell?
Congressman John D. Dingell, the indefatigable Democrat from Michigan, has embarked on a crusade against the practice of 'tying' – where banks use loans to secure further business.
Insurance: evolution beyond CP3
NEW YORK - Stringent new requirements for the use of insurance to offset capital charges for operational risk have been spelled out in the Basel Committee’s third consultative paper (CP3).
ABA sets up new op risk committee
The American Bankers Association (ABA) has created a new operating risk committee to help bankers reduce losses and comply with new capital requirements laid out in Basel II, the new regulatory capital accord being devised by the Basel Committee on…