Fed Gives Guidance for Evaluating Whether Banking Orgs Eligible For Upgrades Of Supervisory Ratings

Fed Guidance for evaluating whether banking orgs eligible for upgrades of supervisory ratings
Press Release
Release Date: March 2, 2012

For immediate release
The Federal Reserve Board on Friday issued guidance to ensure that supervisors apply consistent standards as they evaluate whether banking organizations with $10 billion or less in assets are eligible for upgrades of supervisory ratings.

The guidance is being issued to ensure that upgrades occur in a timely manner when the banking organizations have made the requisite progress in addressing any supervisory concerns that had prompted lower ratings. To be eligible for an upgrade, banks are expected to demonstrate, among other things, improvement in financial condition and risk management, as well as show that such improvement is likely to continue.

See guidance here.

SIFMA Market Close Recommendations for the US Columbus Day and Japanese Sports Day Holidays in the US, the UK and the Japanese Markets

Press Release
Contact:
Katrina Cavalli, (212) 313-1181, kcavalli@sifma.org

SIFMA Market Close Recommendations for the US Columbus Day and Japanese Sports Day Holidays in the US, the UK and the Japanese markets.

New York, N.Y., September 29, 2010 - In observance of the US Columbus Day and Japanese Sports Day holidays, SIFMA made holiday recommendations in U.S., U.K., and Japan.

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The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to develop policies and practices which strengthen financial markets and which encourage capital availability, job creation and economic growth while building trust and confidence in the financial industry. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit www.sifma.org.