OTS announced plans today to realign its regional structure in order to balance staff resources geographically, achieve greater operating efficiencies, and support regulatory consistency across regions.
The Federal Deposit Insurance Corporation (FDIC) today issued support for the work of the Basel Committee on Banking and Supervision and the International Association of Deposit Insurers (IADI) on issuing the Core Principles for Effective Deposit Insurance Systems for public consultation.
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today voted to extend the debt guarantee portion of the Temporary Liquidity Guarantee Program (TLGP) from June 30, 2009 through October 31, 2009, and to impose a surcharge on debt issued with a maturity of one-year or more beginning in the...
FinCEN today released a new report that shows subjects reported for suspected mortgage loan fraud may also be involved in other financial crimes such as check fraud, money laundering, stock manipulation, structuring to avoid currency transaction reporting requirements and others.
Statement by Secretary Geithner at the G-20 Finance Ministers and Central Bank Governors Meeting:
I am very pleased to be in the UK for the G-20 Finance Ministers and Central Bank Governors meeting. I want to compliment Chancellor Darling for his leadership and the excellent work of his staff in preparing for this...
Deputy Comptroller for Regulatory Policy Kevin J. Bailey testified today about the use of mark-to-market accounting before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises of the House Committee on Financial Services.
Secretary Geithner Statement in Advance of G-20 Finance Ministers and Central Bank Governors Meeting:
This week, the G-20 will meet in London amid a severe global economic downtown and ongoing stress in the world's financial markets.
The OCC today published a Community Developments Insights report that describes how banks and their partners in the community are working to dispose of foreclosed properties in creative ways that will preserve affordable housing opportunities and stabilize communities.
The world is suffering through the worst financial crisis since the 1930s, a crisis that has precipitated a sharp downturn in the global economy. Its fundamental causes remain in dispute. In my view, however, it is impossible to understand this crisis without reference to the global imbalances in trade and capital...