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In 2008, the Bank Administration Institute transferred copyright ownership of the BAI file format to the Accredited Standards Committee X9, Inc. - Financial Industry Standards . As of early 2009, the document is being revised by an X9 committee of bankers and corporate members to become an American National Standard.
Credit unions are subject to most bank regulations and are supervised by the National Credit Union Administration. The Financial Institutions Regulatory and Interest Rate Control Act of 1978 established the Federal Financial Institutions Examination Council (FFIEC) with uniform principles, standards, and report forms for the other agencies. [2]
Comprehensive Capital Analysis and Review (CCAR) is a United States regulatory framework introduced by the Federal Reserve in 2009 [1] to assess, regulate, and supervise large banks and financial institutions – collectively referred to in the framework as bank holding companies (BHCs).
Trump officials halted work at the Consumer Financial Protection Bureau, but the agency's public portal for reporting complaints about financial services companies continues to operate.
Supervisory activities involve on-site inspection of the bank's records, operations and processes or evaluation of the reports submitted by the bank. [3] Arguably the most important requirement in bank regulation that supervisors must enforce is maintaining capital requirements. [4]
For banks in the U.S., one of the key reports required to be filed is the quarterly Consolidated Report of Condition and Income, generally referred to as the call report or RC report. Specifically, every National Bank, State Member Bank and insured Nonmember Bank is required by the Federal Financial Institutions Examination Council (FFIEC) to ...
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries.
The Banking Standards Board (BSB) was a body established in April 2015 in the United Kingdom, to promote good practice among banks and building societies.The original idea for the body came from the work of the Parliamentary Commission on Banking Standards [1] and the subsequent Lambert Review, [2] which called for a new type of organisation, different from traditional regulators, that would ...