Editor@The National Bank Examiner
@EditorNBE
My bio is at: http://www.linkedin.com/in/ronlindhart/
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What I’ve Learned About Running a Bank Over time, I’ve realized that running a bank isn’t just about balance sheets and regulations...it’s about people, discipline, and clarity of purpose. A few lessons that have stuck with me: Deposits are trust before they are dollars. Every
No doubt a process gone awry. A proper uncorrected MRA should always meet the test of being the basis for escalation to an enforcement action. But, having an informal process for resolution of material issues saves everyone involved the expense of enforcement proceedings.
Re: the announced reorg at OCC. Sadly, bank supervision policy and operations remain separate organizations. Policy development needs the eyes, ears, and perspectives of front line examiners. IMO, policy and ops should be under a unitary Chief National Bank Examiner.
Always reticent to comment outside my wheelhouse, but the tariff cognoscenti have not mentioned the inevitable rise in smuggled goods in response to higher customs duties… Contraband likely making organized crime great again.
Thanksgiving Eve turkey delivery from the OCC. Raising assessments next year 16% on national banks over $40 billion in assets, while sitting on a $2.2 billion US Treasury securities stockpile as of 12/31/2023. Trying to create more state-chartered banks?
Not bank supervision-related, but I suspect all of us have been bombarded recently with a flood of texts from politicians asking for money. How do we know these payment links are actually from that person, and not false-flag texts from their opponent or from fraudsters?
Looks like a pretty big rollback on #Basel3EndGame . Will be interested to see the actual proposal. Tremendous respect for Michael, but surprised he nodded to industry arguments that higher capital requirements constrain lending.(Begin thread) @BetterMarkets
My view on the risks related to the recent private credit boom: There’s a lesson real bankers have internalized since the days of the Medici Bank in Florence. Lending money is easy, getting it back is the hard part of the business.
Today’s CPI print presents a major balance sheet structural adjustment decision point for those banks in bond (and bonus) jail. The dearly prayed-for rate-cut bailout is likely to be deferred or even evaporate. Don’t get caught in the credit cycle/interest rate cycle vise.
Basel 3 endgame comments are rolling in. Joint BPI and ABA filing is a 314-page response to a 1,087-page proposal. The core issue is here is one of regulatory over-engineering. No one has the courage to get off this train. Classic example of the Abilene Paradox.
Time bomb. therecord.media/credit-unions-… @TheRecord_Media “That’s because CUSOs and credit union third-party service providers do not have the same level of oversight as bank vendors, as the NCUA lacks the statutory authority to directly examine or supervise these entities,” he said.
therecord.media
60 credit unions facing outages due to ransomware attack on popular tech provider
The ransomware attack targeted the cloud services provider Ongoing Operations, a company owned by credit union technology firm Trellance.
‘My whole world was waiting behind door #3….” Mine too. RIP Jimmy Buffet. Thank you for being you!
Removing bankers from the reserve bank boards creates a governance concept domino-effect, as banks own stock in the Federal Reserve banks. Probably better to transfer bank supervision responsibility to another federal entity.
While an overall look at capital requirements may be useful re: the AOCI opt-out, regulators have always had the power to set minimum capital requirements on individual banks through enforcement actions.
Re-upping this:
First Republic is in the midst of a maelstrom of existential proportions, so why have we seen nothing in the national press from the bank’s CEO during this time? Maybe it’s my limited news sources… “O Captain! My Captain!”
A point to ponder: FDIC was the primary Federal supervisor of First Republic Bank. FDIC is the statutory backup supervisor for banks supervised by the Fed and the OCC. No one is the backup Federal supervisor for banks supervised by the FDIC.
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