by Keith Noreika and Bryan Hubbard | Mar 16, 2023 | Patomak Post
On February 15, 2023, Senator Elizabeth Warren spoke out against what she labels “anticompetitive bank mergers” as part of a larger speech lamenting 40 years of what she sees as lax antitrust enforcement resulting in competition in one market after another being...
by Keith Noreika, Bryan Hubbard and Chris Beckmann | Feb 6, 2023 | Patomak Post
What’s Happening Federal Reserve (FRB) denies membership and master account application for state-chartered Custodia Bank with crypto-focused business model FRB presumptively prohibits banks it supervises from holding crypto as principal and certain other...
by Keith Noreika, Bryan Hubbard and Chris Beckmann | Jan 20, 2023 | Patomak Post
Acting Comptroller of the Currency Michael Hsu presents a framework for scrutinizing banks viewed as “too big to manage.” Hsu describes a four-step escalation framework for supervisory issues, with a “credible threat of restrictions and divestitures.” Banks should...
by Keith Noreika, Bryan Hubbard and Chris Beckmann | Jan 9, 2023 | Patomak Post
Federal banking agencies encourage banks to monitor crypto risks, stress importance of keeping crypto sector risks isolated from broader financial system. Regulators view open, public or decentralized networks as highly likely to be inconsistent with safe and sound...
by Keith Noreika, Bryan Hubbard and Chris Beckmann | Jan 3, 2023 | Patomak Post
Rising interest rates are adversely affecting bank investment portfolios, leaving banks with a difficult set of choices. Regulators increasingly are expressing concern with the effect of interest rate risk. Banks must ensure their risk management, strategic, and...
