This week's editors' picks include a feature on financial policies that regulators hope to tackle in 2019 and a Data Dispatch on deposit costs in the third quarter.
Bank regulators to tackle capital rules, Community Reinvestment Act in 2019
Although the Community Reinvestment Act will be one of the "principal battlegrounds" in financial services policy next year, regulators are also expected to tackle several other items. A new capital buffer could be activated as early as January.
Pressure rising on SEC to standardize ESG disclosures
The inconsistency of environmental, social and governance disclosures across companies and industries "is a real challenge for investment managers," Jennifer Bender, a senior managing director at State Street Global Advisors Inc., said in an SEC meeting.
Higher deposit costs in Q3 an omen of 2019
Banks' cost of funds increased 11 basis points sequentially to 86 basis points in the third quarter, and experts say banks should only expect pricing to rise.
Last of a dying breed, fraternal society's bank to sell $225M in deposits
Modern Woodmen of America's pending sale of MWABank's reported $225 million in deposits to Axos Bank marks the end of an era that saw the convergence of insurance and financial services.
Midwestern banks keep the app upgrades coming
Some banks in the Midwest have rolled out mobile app upgrades even since S&P Global Market Intelligence researched their offerings for the 2018 US Mobile Banking Market Report in November.