Promoting a safe, sound, and stable banking and financial system, and fair and transparent financial services
Publications
First Glance 12L
Third Quarter 2020: Not Yet Out of the Woods
The 3Q20 issue of First Glance 12L notes that federal stimulus, low interest rates, and loan modifications continued to blunt the effects of COVID-19 on the economy and banks. However, resurging virus transmission has left the recovery vulnerable. The report highlights banking risks on our radar and recaps selected pandemic impacts.
First Glance 12L
Second Quarter 2020: In the Eye of the Storm
The 2Q20 issue of First Glance 12L notes that Paycheck Protection Program activity swelled bank balance sheets, distorting several financial metrics. Growth and borrower accommodations held delinquency ratios at bay; however, performance will likely deteriorate once stimulus and forbearance efforts fade. In addition to various hot topics, the report spotlights disparities in household financial stress.
Supervision in Brief
Examination Activity During COVID-19
We are ready to restart examination activity and have issued interagency guidance for safety and soundness (SR 20-15). This guidance recognizes that external events such as COVID-19 can have an adverse impact on a financial institution’s condition that may not be reflective of management’s efforts to mitigate these risks. The interagency guidance instructs examiners to consider the unique, evolving, and potential long-term nature of the issues confronting institutions.
First Glance 12L
First Quarter 2020: COVID-19: From Headwind to Hurricane
The 1Q20 issue of First Glance 12L charts the sudden and dramatic toll of the COVID-19 pandemic. Federal stimulus and borrower relief blunted some of the economic and banking damage, but the path of the recovery remains uncertain. The report highlights various hot topics, including the small business credit landscape.
Fintech Edge
The Role of Individuals in the Data Ecosystem: Current debates and considerations for individual data protection and data rights in the U.S.
We are living in a time of immense technological change, driven in part by our ability to capture data, convert it into new information, and use that information to inform decision-making, automate activities, and develop new products and services. Unfortunately, information can also be used to manipulate actions, discriminate on improper grounds, and open once intimate spaces up to unforeseen dissection and analysis. A growing range of stakeholders and policymakers are acknowledging the need to more proactively balance the benefits and risks of this data explosion, and there are robust conversations occurring across the country around the potential for improving and expanding U.S. data governance regimes.
Pacific Exchange Blog
Will Internet-Only Banks Be A Game Changer for Taiwan?
Taiwan’s Financial Supervisory Commission recently approved three licenses for internet-only banks, the first time new banking licenses have been issued since the 1990s. This blog explores potential ramifications associated with the decision. Internet-only banks are well positioned to bring two important potential benefits: expanded access to credit and banking sector innovation. Nonetheless, their entrance will likely bring even more competition in Taiwan’s already saturated banking market.
