Michael Gibson News
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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.
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U.S. and global regulators should harmonize rules on derivatives to prevent financial risks from migrating to the least-supervised economies, said Michael Gibson , senior associate director of the Federal Reserve.
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Patrick Parkinson, the Federal Reserve’s head of bank supervision, plans to retire on Jan. 1, to be replaced by Michael Gibson, a deputy director in the division of research and statistics, the central bank said.
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U.S. financial regulators are looking at specific non-bank financial companies to possibly designate them as systemically important and subject to more rigorous supervision, said Michael Gibson, director of the Division of Banking Supervision and Regulation at the Federal Reserve Board.
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U.S. financial regulators are looking at specific non-bank financial companies to possibly designate them as systemically important and subject to more rigorous supervision, said Michael Gibson, director of the Division of Banking Supervision and Regulation at the Federal Reserve Board.
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Civic leaders in El Monte, California, saw the Transit Village development planned for land around the bus station as a way to revitalize downtown.
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The U.S. Securities and Exchange Commission proposed expanding scrutiny of how brokerages handle trillions of dollars in client assets in a measure that reflects the enduring regulatory impact of Bernard Madoff’s Ponzi scheme.
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JPMorgan Chase & Co. and regulators may face increasing pressure to explain the lender’s $2 billion trading loss as the misstep becomes fodder for lawmakers still haggling over a regulatory overhaul enacted two years ago.
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Executives from Paulson & Co. and D.E. Shaw & Co. LP told the Federal Reserve last month they’re concerned about how regulators will decide which financial companies to deem systemically important and subject to the central bank’s oversight.
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JPMorgan Chase & Co. Chief Risk Officer Barry Zubrow will tell Congress that regulators risk impeding the economic recovery by going too far in tightening bank rules and raising capital requirements.
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