Brainard: Fed work on long-term liquidity rule almost done

FSB: Banks with troubled culture need scrutiny | Existing home sales rise 1.1% in March | JPMorgan's Frenkel: Trade war would be "disastrous" Created for {EMAIL} | [Web Version]( April 25, 2018 [SIGN UP]( ⋅ [FORWARD]( [] Risk Management and Insurance [] [FSB: Banks with troubled culture need scrutiny]( Regulators should take a risk-based approach that prioritizes banks that "display significant cultural drivers of misconduct," the Financial Stability Board says in a paper. Regulators should be alert to "decision-making dominated by the business lines," which suggests executives have lost control, the paper says. [MLex (subscription required)]( (4/20) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [Existing home sales rise 1.1% in March]( US existing home sales increased 1.1% to a seasonally adjusted annual rate of 5.6 million units in March, according to the National Association of Realtors. Year over year, existing home sales fell 1.2% for the month. [Reuters]( (4/23) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [JPMorgan's Frenkel: Trade war would be "disastrous"]( Jacob Frenkel, chairman of JPMorgan Chase International, says a trade war would be "disastrous" and "an experiment that is too expensive." Frenkel considers the Smoot-Hawley Tariff in the 1930s "among the most catastrophic acts in congressional history" and warns against repeating the error. [CNBC]( (4/20) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] - [Dodd-Frank rule changes relax stress tests]( Bloomberg Businessweek (tiered subscription model) (4/18) [] - [Banks debut mortgage tools to draw borrowers]( Reuters (4/21) [] Government Regulation [] [Brainard: Fed work on long-term liquidity rule almost done]( Brainard: Fed work on long-term liquidity rule almost done Brainard (Daniel Roland/AFP/Getty Images) The Federal Reserve has nearly completed a proposal for the net stable funding ratio, said Governor Lael Brainard. "This significant liquidity regulation is important to ensure that large banking firms maintain a stable funding profile over a one-year horizon," she said. [MLex (subscription required)]( (4/19) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [House to vote on CFPB auto-loan policy in May]( A resolution to repeal the Consumer Financial Protection Bureau's guidance on auto loans is scheduled for a House vote the week of May 7. The Senate passed the resolution last week. [The Hill]( (4/20) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] Innovation [] [Banks urged to test tech so glitches are survivable]( Banks should run tests to ensure backup systems work properly in case of glitches that disable services such as ATMs and online banking, says Tyler Leet, director of risk and compliance services at CSI. Several banks, including BB&T and Capital One Financial, have faced technical glitches in the past year. [American Banker online (free content)]( (4/20) [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] News from Aon [] [How record catastrophe bond issuances are changing the alternative investment landscape]( In 2017, the world was rocked by a series of devastating natural catastrophes, such as hurricanes in North America, an earthquake in Mexico and wildfires in the western US and Australia. Amid all this turmoil, a record number of catastrophe bonds was issued -- more than $10 billion. And the trend is continuing into 2018 amid predictions of another above-average year in terms of hurricane activity. How are investors viewing this alternative investment class? [Learn more](. [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( [] [In 2018 back-ups won't be enough; here's how to lower ransomware risk]( Already ransomware has been massively disruptive. By the end of 2017, the global cost of ransomware attacks on organizations was estimated to reach $5 billion, up 400 percent from 2016, according to a report by Druva, a cloud data protection and management company. And these attacks are becoming more destructive. What's more, the continued rise of cryptocurrencies is supporting the proliferation of attacks. How can you protect your firm -- beyond just a back-up? [Learn more.]( [LinkedIn]( [Twitter]( [Facebook]( [Google+]( [Email]( Learn more about Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( [] [] Simplicity is the shortest path to a solution. 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