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TCH Files Comment Letter on the Federal Reserve’s Proposed Guidance on Supervisory Expectations for Boards of Directors

The Clearing House comment letter endorses the goals of the proposal to maintain the crucial distinction between the board’s duty of oversight and management’s responsibility for the operations of the banking organization and to attempt to eliminate the unnecessary regulatory requirements for board approval, action or review so that the board can focus on oversight of the execution of the company’s strategy and its other principal responsibilities. Additionally, the letter offers recommendations designed to strengthen and clarify how these goals are reflected in the specific details of the proposal.

The Federal Reserve’s proposed new LFI Rating System is a welcome development

The Clearing House filed a comment letter with the Federal Reserve commending the agency for taking an important step to improve the ratings framework for large bank holding companies by proposing new standards that are clearly articulated and appropriately focused on safety and soundness.  Our letter also offers a few recommendations for further refinements that would help achieve the rating system’s safety and soundness objective.

First New Core Payments System in the U.S. in more than 40 Years Initiates First Live Payments

The Clearing House (TCH) launched RTP®, its real-time payments system, the first new core payments infrastructure in the U.S. in more than 40 years.  The new RTP system was designed and built through the collaborative effort of TCH’s 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP is open to all U.S depository institutions with a goal of reaching ubiquity by 2020.

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The Clearing House Announces RTP Advisory Committee

The Clearing House Announces RTP Advisory Committee

The Clearing House (TCH) announced it has formed an RTP® Advisory Committee from a diverse set of financial institution stakeholders to obtain input on the operation of its new real-time payments system. The committee is comprised of senior executives from credit unions, community and mid-size banks, and trade associations.
Arrival of CECL triggers new bank capital debate

Arrival of CECL triggers new bank capital debate

Despite years of domestic and international controversy, the U.S. is poised to replace the existing incurred loss accounting method for calculating the allowance for loan losses with CECL, the “current expected credit loss” method.
Fed tightens capital requirements on large banks in the 2018 supervisory stress tests

Fed tightens capital requirements on large banks in the 2018 supervisory stress tests

On February 1, the Federal Reserve published the supervisory macroeconomic scenarios that it will use in its 2018 stress tests. The Federal Reserve’s stress tests have become an important driver of the capital levels for banks subject to the exercise.
NYU Stern-TCH Gallatin Lecture Series on Banking

NYU Stern-TCH Gallatin Lecture Series on Banking

NYU Stern-TCH Gallatin Lecture Series on Banking entitled "Geographic expansion and bank governance, risk, and funding costs," featured remarks from Ross Levine, Willis H. Booth Chair in Banking and Finance at Haas School of Business, UC Berkeley.
Mastercard and TCH Partner on Tokenization Solution

Mastercard and TCH Partner on Tokenization Solution

TCH and Mastercard announced they are partnering to enable TCH to provision and manage Mastercard-branded tokens on behalf of banks.
Faster Payments: The Road to 2020

Faster Payments: The Road to 2020

TCH’s Banking Perspectives journal provides a look at the future of faster payments, including the objective of providing faster, secure payments options to all Americans by 2020.