The bank was fined US$136.9 million for deficiencies in its oversight of FX traders and US$19.7-million fine for “gaps” in its compliance program for the Volcker Rule
Meanwhile, TD is among 13 firms that will still be subject to the qualitative evaluation of its capital planning
U.S. banking regulators adopt new rule
The two groups are focused on faster payments and enhanced payment system security
Proposed rule would ease stress testing requirements for firms with less complex operations
The U.S. central bank aims to increase the accessibility and availability of its news and educational content
The tests aim to assess whether financial institutions have sufficient capital to absorb losses and continue operating during stressful economic and financial conditions over a period of nine quarters
Federal Reserve proposes two rules
Consulting firm will help assess possible options for improving the speed, safety and efficiency of payments
Charles Plosser joins board as public governor