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The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2]
On December 12, The Wall Street Journal reported that the Trump team and officials from DOGE had inquired about abolishing the Federal Deposit Insurance Corporation (FDIC). It also reported on several differing plans to combine and restructure the FDIC, Office of the Comptroller of the Currency (OCC) and Federal Reserve. [162]
The South African Institute of Financial Markets (SAIFM) [1] offers the specific technical exams [2] required with regard to the "Regulated Positions" [3] of trader, compliance officer, and settlement officer, at the JSE Stock Exchange, JSE Debt Market, South African Futures Exchange, AltX, and STRATE.
Trump's transition team, FDIC, OCC, and the Treasury department did not immediately respond to Reuters' request for comment. Trump advisers seek to shrink or eliminate bank regulators, WSJ reports ...
The FDIC’s standard deposit insurance limit is $250,000 per depositor, per insured bank, per ownership category. Some customers of The National Bank of Lindsay weren’t within the FDIC limits.
When the FDIC proposed these rules in 2022 — a year before talk about lifting the $250,000 insurance cap bubbled up during a run of bank failures — it estimated that almost 27,000 trust ...
The Series 7 is a three-hour, forty-five-minute exam. [1] It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72% to pass. The SIE Exam and the Series 7 Exam are co-requisite exams. [9] Average study time is between 80 and 150 hours depending on current financial knowledge. [10]
In the 1980s, during the savings and loan crisis, the FSLIC became insolvent and was abolished; its responsibility was transferred to the FDIC. Some financial institutions offer insurance in excess of FDIC or NCUA limits. For example, the Depositors Insurance Fund insures excess deposits at Massachusetts-chartered savings banks. American Share ...