Banks offer muted criticism of long-term debt and resolution plan proposals
Banks have offered a more tepid critique of regulatory proposals to expand resolution planning and long-term debt for midsized regional banks, suggesting the industry is intent on curbing July’s Basel III capital proposal instead.
German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank's progress in resolving issues at its consumer unit. It's the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.
The Federal Reserve governor said existing reports, including one published by the Fed's inspector general last week, were too limited in scope.
Making the Consumer Financial Protection Bureau's funding subject to congressional appropriations would bring some much-needed accountability to a runaway regulator.