McWilliams discusses banking issues

In remarks at the Institute of International Bankers Annual Washington Conference, FDIC Chairman McWilliams discussed issues being worked on by the FDIC that are relevant to international bankers. She commented on the Volcker Rule, tailoring, fintech, and international coordination. McWilliams concluded, “The topics I have discussed today represent just a few of the many issues we are currently working on at the FDIC. We continue to review our supervisory process and regulatory regime, and expect to propose two major interagency rulemakings very soon. The first proposes to tailor the application of capital and liquidity requirements for foreign banks, and the second would tailor the Dodd-Frank resolution planning requirements. Separately, the FDIC also expects to issue an Advanced Notice of Proposed Rulemaking soon to revise the resolution planning requirements for insured depository institutions.