Frank Elderson said European banking supervision should deliberately concentrate resources on material risks, while simplifying processes and escalating more quickly when banks fail to fix weaknesses.
The European Central Bank has published revised Eurosystem monetary-policy implementation guidelines, including changes to ratings, valuation haircuts and the treatment of certain corporate-group subsidiaries.
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The SEC announced settled charges alleging that Zoe Financial did not fully and fairly disclose material facts about conflicts of interest to clients and prospective clients.
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The Federal Reserve Board said it approved BancFirst Corporation’s proposed acquisition and merger with Spirit BankCorp, together with BancFirst’s merger with SpiritBank and plans to operate branches at SpiritBank locations.
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The Federal Reserve Board has opened comment on proposed reserve, capital, risk-management and application rules for Board-supervised payment stablecoin issuers.
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