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Supervision

All articles tagged with #supervision

Fed Official Champions Risk-Based Oversight and Innovation in Banking
finance1 month ago

Fed Official Champions Risk-Based Oversight and Innovation in Banking

In a House Financial Services Committee hearing, Vice Chair for Supervision Michelle Bowman says the U.S. banking system remains sound with strong capital and liquidity, even as nonbank lending grows and AI-enabled cyber risks rise. She outlines reforms to simplify the community bank leverage ratio, modernize the capital framework, and tailor supervision to risk, while preserving CAMELS revisions, stress testing, and a framework that supports responsible innovation. The testimony also covers tokenized-securities capital treatment, model-risk management, and ongoing efforts on stablecoins under the GENIUS Act, payments fraud, liquidity rules, and international coordination via the FSB. Bowman emphasizes calibrating regulatory thresholds to growth, reviewing Regulation O, and balancing safety with economic growth and innovation.

via Federal Reserve (.gov)|
#bank-regulation#capital-framework#community-banks
U.S. Regulators Remove Reputation Risk from Bank Supervisory Guidance
business1 month ago

U.S. Regulators Remove Reputation Risk from Bank Supervisory Guidance

The Federal Reserve Board, the FDIC and the OCC jointly updated interagency documents to remove references to reputation risk, continuing their prior actions to end its use in supervision. Regulators say reputation risk can be misused to pressure banks over constitutionally protected beliefs or activities, and the updates aim to base supervisory decisions on material financial risks with greater clarity, with potential further document revisions as needed.

via Federal Reserve (.gov)|
#banks#business#federal-reserve
Chimpanzees Refute Adolescent Risk Peak, Highlight Supervision as Key
science6 months ago

Chimpanzees Refute Adolescent Risk Peak, Highlight Supervision as Key

Wild chimpanzees show no adolescent peak in physical risk-taking. Instead, risky moves like leaping and dropping are most common in early childhood (2–5 years) and decline with age, with adolescents (10–15) being less likely than younger youngsters and no strong sex differences observed. The study suggests that caregiver supervision plays a major role in shaping risk-taking, a pattern that may help explain human development as well. In lab tasks, chimps also become more risk-averse with age, a parallel to human risk behavior across the lifespan.

via ScienceAlert|
#adolescence#chimpanzees#parenting
The Em Dash: Love, Myths, and AI's Impact
technology10 months ago

The Em Dash: Love, Myths, and AI's Impact

The article humorously discusses AI's obsession with using em dashes in writing, highlighting how overuse can make AI-generated content seem less human. It offers practical advice for maintaining authentic voice by writing drafts manually, editing out AI telltale signs like excessive em dashes, and reintroducing personal tone to ensure communication remains genuine. The key message is that AI should be supervised and used as a tool to enhance, not replace, human expression.

via VentureBeat|
#ai#communication#em-dash
"Vice Chair for Supervision Barr's Testimony: Insights on Supervision and Regulation"
finance2 years ago

"Vice Chair for Supervision Barr's Testimony: Insights on Supervision and Regulation"

Vice Chair for Supervision Barr testified before the Committee on Financial Services, U.S. House of Representatives, discussing the soundness and resilience of the banking system, current conditions in the banking sector, supervision, and recent regulatory proposals. Barr highlighted that the banking system is sound and resilient, with capital and liquidity ratios above regulatory levels. He also addressed the failures of certain banks due to excessive interest rate risk and over-reliance on uninsured deposits. Barr emphasized the need for improved supervision, particularly as banks grow in size and complexity, and highlighted the importance of addressing material risks and vulnerabilities. He discussed the proposed reforms to the capital requirement framework, which aim to increase the quantity and quality of capital and reduce the likelihood of future financial crises. Barr also mentioned the proposed extension of long-term debt requirements and the finalization of a rule strengthening and modernizing the Community Reinvestment Act regulations.

via Federal Reserve|
#banking-conditions#capital#community-reinvestment-act
"States Strengthen Halloween Safety Measures to Protect Children from Sex Offenders"
safety2 years ago

"States Strengthen Halloween Safety Measures to Protect Children from Sex Offenders"

In some states, law enforcement agencies take extra safety measures on Halloween to keep sex offenders away from children. Measures include home checks, curfews, and restrictions on decorations and candy distribution. Critics argue that these measures are invasive and unnecessary, as the majority of child sex crimes are committed by family members or acquaintances. However, law enforcement agencies prioritize caution and provide resources such as sex offender locators for parents to ensure child safety during Halloween.

via CNN|
#child-safety#halloween#law-enforcement
Rampant Vandalism at MLK Park Sparks Teen's Arrest and Police Investigation
crime3 years ago

Rampant Vandalism at MLK Park Sparks Teen's Arrest and Police Investigation

A 13-year-old has been arrested in connection with vandalism at MLK Park in Buffalo, with more arrests potentially forthcoming. The teen is charged with burglary and criminal mischief after a family member recognized them in surveillance footage and brought them to the authorities. The vandalism involved pouring a large amount of industrial glue near a splash pad, causing an estimated $50,000 in damage. Another incident of vandalism occurred at Riverside Park, and a previous case at Cazenovia Park resulted in charges against another 13-year-old. City officials are calling for increased supervision of teenagers and harsher consequences for these crimes, while also increasing police presence in parks to deter further vandalism.

via WIVB.com - News 4|
#arrests#buffalo#crime
Fed Governor Urges Impartial Review of Bank Failures and Emphasizes Importance of Bank Supervision.
finance3 years ago

Fed Governor Urges Impartial Review of Bank Failures and Emphasizes Importance of Bank Supervision.

Fed Governor Michelle Bowman has criticized the lack of a clear regulatory framework for digital assets in the US, warning that financial institutions have been left in a "supervisory void" in terms of emerging technologies. Bowman called for attention from global regulators to the current supervision of novel banking activities, in particular banking as a service and digital assets. Without a clear regulatory framework, regulators may impose new requirements on businesses after significant investments have been made, she added.

via Cointelegraph|
#digital-assets#fed-governor#finance
Porsche partners with Mobileye and Intel for autonomous driving technology.
automotive3 years ago

Porsche partners with Mobileye and Intel for autonomous driving technology.

Porsche has announced that it will use Mobileye's advanced sensor suite, SuperVision, in its future production cars. The system includes a mix of cameras and radar sensors and will enable a range of advanced driver-assistance systems, including hands-free traffic jam assists. SuperVision also includes a driver-monitoring system and Mobileye's latest EyeQ 6 system-on-a-chip to make sense of all that input. Porsche is not the only part of the Volkswagen Group to partner with Mobileye to use SuperVision. VW Commercial Vehicles will also use Mobileye tech.

via Ars Technica|
#adas#automotive#driver-assistance-systems
Porsche teams up with Mobileye for automated driving technology.
automotive-technology3 years ago

Porsche teams up with Mobileye for automated driving technology.

Porsche has partnered with Mobileye to bring hands-free automated assistance and navigation functions to future sports cars. Mobileye’s SuperVision technology platform will serve as the foundation for advanced driver assistance systems (ADAS) in Porsche’s future vehicles. SuperVision allows cars to follow navigation routes, autonomously change lanes and automatically overtake slower vehicles on multilane roads. Porsche will fully integrate Mobileye’s ADAS into its future models, and the company’s in-house engineers will develop custom systems to monitor the driver’s attention.

via TechCrunch|
#advanced-driver-assistance-systems#automotive-technology#autonomous-driving
"FDIC's Modernization Plans and Fees for Big Banks"
finance3 years ago

"FDIC's Modernization Plans and Fees for Big Banks"

The Federal Reserve's report on Silicon Valley Bank reveals that the banking industry is headed for further difficulty, and that the Federal Reserve's supervision needs to improve if it expects to handle it successfully. The report confirms that Silicon Valley Bank was poorly managed and supervised, and that the Fed's supervision of the bank was woefully inadequate. The report also suggests that circumstances around these supervisory weaknesses are probably systemic, and that the banking industry has responded by taking on a greater degree of credit and market risk, which is being tested as interest rates rise.

via Barron's|
#banking-industry#federal-reserve#finance
finance3 years ago

FDIC report cites poor management as cause of Signature Bank collapse.

The FDIC released an internal review report evaluating its supervision of Signature Bank, New York, from 2017 until its failure in March 2023. The report identifies poor management as the root cause of the bank's failure and assesses the FDIC's supervision of the bank. The report finds that the FDIC conducted targeted reviews and ongoing monitoring but could have escalated supervisory actions sooner and experienced resource challenges with examination staff. The report recommends further study by the FDIC related to examination guidance, processes, and resources.

via FDIC|
#corporate-governance#fdic#finance