Tag Archives: Basel Committee

Weekly Regulatory Highlights (June 23rd – June 30th)

This is the summary of this week’s regulatory updates and changes:

  • The Federal Financial Institutions Examination Council (FFIEC) launched a Web page on Cyber Security awareness. The Web page is a central repository for current and future FFIEC – related materials on Cyber Security - See more details.

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Supervisory Guidelines for Identifying and Dealing with Weak Banks

On June 18th, the Basel Committee published guidelines for identifying and dealing with weak banks for the purpose of receiving comments from supervisory agencies.

In the report a weak bank is defined as “one whose liquidity or solvency is impaired or will soon be impaired unless there is a major improvement in its financial resources, risk profile, business model, risk management systems and controls, and/or quality of governance and management”.

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