Barth Report Released
James R. Barth and Yanfei Sun of Auburn University conducted a study for the Utah Center for Financial Services (UCFS) on how Industrial Loan Companies (ILCs a.k.a Industrial Banks) have performed compared to other FDIC insured institutions. The findings demonstrate ILCs perform better than all other FDIC institutions.
House approves Volcker Rule changes
The House voted 300-104 to approve H.R. 4790, the Volcker Rule Regulatory Harmonization Act, which would create a Volcker Rule exemption for banks that have less than $10 billion in assets and less than 5% of assets in trading assets or liabilities, and grant the Federal Reserve exclusive rulemaking authority in this area. The Senate regulatory reform bill, S. 2155, includes similar language.
OCC, Federal Reserve propose capital requirement changes for GSIBs over FDIC objections
The Office of the Comptroller of the Currency and the Federal Reserve Board jointly issued a proposal for comment that would adjust the enhanced supplementary leverage ratio (eSLR) standards for global systemically important banks (GSIBs) and their insured depository subsidiaries.
IN THE MEDIA
Wells Fargo problems not unique says Buffet
It is the same problem every company has to deal with, even Berkshire, he said, because at any given time there will be someone doing something wrong.
It’s tough to be a banker
CIMB Chairman Datuk Seri Nazir Razak talks about how it’s tough to be a banker in this rapidly changing world.
THE 2018 UAFS & NAIB CONVENTION AND GOLF TOURNAMENT
August 15-17, 2018
Canyons Resort in Park City, Utah