DS News Webcast: Thursday 9/4/2014

first_img  Print This Post Home / Featured / DS News Webcast: Thursday 9/4/2014 Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago DS News Webcast: Thursday 9/4/2014 Demand Propels Home Prices Upward 2 days ago Share Save Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts Related Articles About Author: Jordan Funderburk September 3, 2014 649 Views center_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Firm to Sell $2.3 Billion in Nonperforming Loans for HUD Next: Avenue 365 Hires Tiberio as VP of Default Services The Office of the Comptroller of the Currency announced on Tuesday that it has published final guidelines for large financial institutions regarding the strengthening of governance and risk management practices for those institutions. Organizations covered by the guidelines are insured national banks, federal savings associations, and branches of foreign banks whose average total consolidated assets total $50 billion dollars or more. Institutions with average total consolidated assets totaling less than $50 billion dollars whose parent company controls an institution covered by the guidelines will also be affected.Covered institutions will now be required to control and manage risk-taking activities by following a written risk governance framework under the new guidelines. The guidelines also set forth a set of minimum standards to govern the overseeing of that framework by the institutions’ boards of directors. The finalized guidelines are essentially the same as those proposed by the OCC in January 2014. Changes were made to the final guidelines for the purposes of clarity and ensuring that board members were not given management responsibilities.The watchdog that oversees the money given under the Troubled Asset Relief Program has accused the U.S. Treasury Department of botching its supervision and reporting of TARP spending, and has called for more transparency. In a scalding letter to Treasury Secretary Jack Lew dated September 2, the Special Inspector General for the Troubled Asset Recovery Program, Christy Romero, stated that a SIGTARP audit found evidence that the Treasury Department modified “some of the data reported by the financial institutions” in a report on how TARP funds were spent. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 2014-09-03 Jordan Funderburk Subscribelast_img

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