October 11, 2004 News Archive

Governor Bernanke on Basel II and Cross-Border Banking
At an Institute of International Bankers' meeting, FRB Governor Bernanke presented his views on two areas important for internationally active banks: (1) home-host supervisory cooperation, and (2) the proposed bifurcated application of Basel II in the United States and the special issues it creates for cross-border banking.

Chairman Greenspan on Commercial Banking
Speaking before the American Bankers Association, Chairman Greenspan commented on today's banking world, noting that "pricing, credit decisions, and risk measurement and management at those banking organizations displaying best practices have increasingly been based on systems and procedures that impose a quantifiable discipline."

Treasury Announces BSA MOU Between FinCEN And Regulators
In a press release, the Treasury announced a Memorandum of Understanding (MOU) setting forth information sharing procedures between the Treasury's Financial Crimes Enforcement Network (FinCEN) and the federal banking regulators.