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In 1909, California passed the Bank Act, creating the State Banking Department. By doing this, California looked to protect depositors and ensure responsible regulation within the banking system. In 1913, the California Legislature enacted the Investment Companies Act, which created the State Corporations Department.
The United States relies on state-level bank supervisors (or "state regulators", e.g. the New York State Department of Financial Services), and at the federal level on a number of agencies involved in the prudential supervision of credit institutions: for banks, the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit ...
State-chartered banks are subject to the regulation of the state regulatory agency of the state in which they were chartered. For example, a California state bank that is not a member of the Federal Reserve System would be regulated by both the California Department of Financial Institutions and the FDIC. Likewise, a Nevada state bank that is a ...
The California Department of Financial Institutions (DFI) was a government department of the California Business, Transportation and Housing Agency responsible for financial regulation of California's banking system. [1]
The banking regulators say the tests are needed to assess vulnerabilities in the financial system from climate change-driven catastrophes, be they in the banks' loan portfolios, trading books or ...
Conference of State Bank Supervisors (CSBS) and state-level bank supervisors ; National Association of Insurance Commissioners (NAIC) and state-level insurance supervisors; Uruguay: Central Bank of Uruguay ; Superintendencia de Servicios Financieros (SSF) Uzbekistan: Ministry of Economy and Finance of the Republic of Uzbekistan: Vanuatu
Big banks being under fire is nothing new. But recently, the FDIC took a critical look at one practice that Bank of America , JPMorgan Chase , Wells Fargo , and several other banks all use to ...
Authorization for State housing finance agencies and nonprofit entities to purchase mortgage-related assets - Investment requirement). [citation needed] It also created the Bank Insurance Fund (BIF). [citation needed] Both of these funds were to be administered by the Federal Deposit Insurance Corporation.