By virtually unanimous votes, the House yesterday passed four regulatory relief bills.
The Federal Reserve yesterday adopted a final rule that expands the regulatory relief provided by its small bank holding company policy statement. The rule implements legislation passed by Congress in December.
Experts advise banking institutions to take several steps, including enhancing online banking authentication and ramping up commercial customer education, as a result of an increase in sophisticated attacks involving a new variant of Dyre malware.
Responding to concerns from the banking industry about the application of the Basel III regulatory capital requirements, the financial agencies yesterday issued much-needed clarifications through frequently asked questions on the rule.