Banking


The Federal Reserve Board, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Office of Thrift Supervision jointly proposed rules that would implement new risk-based capital requirements in the United States for large, internationally active banking organizations ( www.fdic.gov/news/news/press/2006/pr06082.html ). In addition the agencies proposed revisions to the market risk capital rules they have used since 1997 to regulate banking organizations significantly exposed to market risk. Among other provisions, the proposal would make the rules applicable to certain savings associations they currently do not cover. The agencies also proposed supervisory reporting templates for use in applying the new rules. Comments are due 120 days after the proposals are published in the Federal Register.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.