The U.S. Federal Deposit Insurance Corp. will let foreign and domestic subsidiaries keep working when the agency uses its power under the Dodd-Frank Act to rebuild failing financial firms, acting chairman Martin Gruenberg said.
U.S. regulators preparing to monitor markets for systemic risk must establish unique identifiers to help track complex financial transactions, the Federal Deposit Insurance Corp.’s acting chairman said in a Washington speech.
With enthusiastic endorsements from top U.S. financial regulators, a Memphis, Tennessee-based organization has signed up 250 banks in 47 states to fund a program dedicated to fighting crime in nursing homes.
Big banks’ pleas for more how-to help on their plans to dismantle themselves in a failure will be answered with additional guidance from the Federal Deposit Insurance Corp., said Chairman Martin Gruenberg.
U.S. bank regulators are boosting efforts to set up agreements for shuttering failing banks with officials in overseas hubs such as Switzerland and Japan, said Federal Deposit Insurance Corp. Chairman Martin Gruenberg.