The Federal Deposit Insurance Corporation wants its members to sure that their director and officer liability insurance is adequate. On October 10, 2013, the FDIC issued an Advisory Statement urging banks to review their D&O policies to ensure the policies provided sufficient coverage to attract and retain high quality individuals.
Entries in FDIC (15)
On October 8th, the FDIC issued a Financial Institution Letter (FIL-46-2013) entitled “Managing Sensitivity to Market Risk in a Challenging Interest Rate Environment.” The letter outlines four key areas for banks to consider in managing the risk of rising interest rates.
The FDIC recently announced the Summer 2013 issue of FDIC Consumer News. The newsletter covers a range of topics, including:
15 “quick tips” to help seniors confronting a range of financial issues, including reverse mortgages and avoiding fraudulent schemes
Wire transfer fraud, including scams related to transferring funds to strangers in foreign countries
Adjustable Rate Mortgages, and advice for borrowers comparing ARMs to traditional mortgage loans
Health Savings Accounts, and tips for consumers
Student loans, and advice to borrowers having trouble repaying them
On August 29, 2013, the FDIC and Federal Reserve Board issued an optional template for certain holding companies to file their “resolution plans,” which are detailed descriptions of how a covered institution plans to deal with financial stress that threatens the viability of the institution.
The Federal Deposit Insurance Corporation (FDIC) recently announced the official launch of its Regulatory Calendar for Community Banks. The online calendar is intended to help community banks stay up-to-date with changes in federal banking laws, regulations, and supervisory guidance. The calendar will include notices of rulemakings, effective dates for regulations, and guidance issued by various federal regulators of interest to FDIC-regulated entities. The calendar will also provide information on FDIC outreach initiatives and other regulatory information of interest. Links to underlying documents and resources will be provided in the calendar entries. The calendar release follows the FDIC’s publication of an earlier beta version last summer that was used to solicit public feedback.