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Treasury gets Volck-sy

USA - June 4 2010 "Volcker" means "folk" in Deutsch.

Henry M. Fields, Rick Fischer, Joseph Gabai, Oliver I. Ireland, Barbara R. Mendelson

Banking guidance on correspondent concentration risk

USA - June 4 2010 On April 30, the federal banking agencies issued guidance on correspondent concentration risk.

Aramide Oyewole Fields, Rick Fischer, Joseph Gabai, Oliver I. Ireland, Barbara R. Mendelson

Bailout taxing on big banks

USA - March 2 2010 President Obama's proposed Financial Crisis Responsibility Fee would be levied against the debts of financial firms with over $50 billion in consolidated assets.

Henry M. Fields, Barbara R. Mendelson

New interest-rate restrictions on deposits

USA - March 2 2010 Previously, less than well-capitalized FDIC insured institutions cannot pay more than 75 basis points above the prevailing rates for deposits in the applicable market area.

Henry M. Fields, Joseph Gabai, Barbara R. Mendelson

The SWIFT MT 202 COV: more transparency and information for cross-border funds transfers

USA - January 19 2010 On December 17, 2009, the U.S. federal banking supervisors, in consultation with the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), issued an interagency guidance that sheds some light on the U.S. regulators’ view about the use of the new SWIFT MT 202 COV messages and discusses the supervisors’ approach to reviewing an institution’s risk management practices with respect to cross-border funds transfers.

Panagiotis C. Bayz, Marc-Alain Galeazzi, Oliver I. Ireland, Barbara R. Mendelson