By David G. Cohen, Bloomberg New York — In the past, the federal government and state governments have struggled to agree on what’s needed to rein in the bubble.
It’s not enough to just put money in a bank account and make sure it’s safe.
Banks are required to report losses.
And it’s not just that they have to file for bankruptcy.
The banking industry, and its clients, are also required to make sure that the money they have on deposit is actually there.
That’s been a big part of the problem, even though many of those banks aren’t failing.
That means the federal and state financial regulators are in no rush to step in.
The U.S. Department of Housing and Urban Development has made a big push for banking to start reporting losses, with a $2.5 billion program to make the system safer.
The Treasury Department has also been pushing for banks to take greater steps to report to the Treasury what they owe.
The Securities and Exchange Commission is also stepping in to try to make banks more transparent about their financial operations.
And in recent months, the Consumer Financial Protection Bureau, a new agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, has been pushing banks to get more aggressive in reporting.
The latest step, announced in June, is an effort by the Treasury Department to require banks to report any assets held in their account by individuals who are over the age of 21, a requirement that would be the first time the government has required banks to track any assets.
It also is aimed at helping banks reduce their exposure to their customers.
In short, regulators want to make it easier for banks, rather than the government, to police their businesses.
Banks and their regulators agree that the bubble is not going away, but they say it’s time for banks and the financial system to step up and act more aggressively.
It took the banks about a decade to be fully caught, but now that they’re in, they say they’re ready to step out of the bubble, too.
The biggest banks are still struggling to figure out how to be better than the average household, and that’s why they need to be even more aggressive.
They’ve spent the past year grappling with what they consider their biggest risk: a lack of customers.
The government and the big banks, like the banks themselves, have focused on providing more customer service, but that’s not going to solve the problem.
They’re now trying to take the fight to the next level.
“I think there’s a growing realization among all of us that there’s an urgency to get the banks to be more aggressive about the kind of customer service that we’re demanding,” said Steven Rothstein, president of the Financial Services Roundtable, a group of more than 200 financial regulators and consumer advocates that helped craft the Dodd Frank financial reform law.
The new push is part of a larger effort by regulators and regulators and lawmakers to make financial services more transparent and accountable.
Banks were supposed to be accountable to consumers, but there’s been growing concern that banks haven’t always done a good job of it.
Some banks have reported losses and are now under pressure to change that.
“The banks are not doing their job, and they’re not getting their money out,” said Paul Volcker, president and CEO of the Commodity Futures Trading Commission, which regulates futures contracts and other financial products.
The regulators want the industry to have more responsibility for how its products are used, which is why they are now pushing banks harder to report their losses.
That might mean changing their business models, and requiring them to disclose how much they are losing, and how much of it they have returned to the economy.
The push also could mean a crackdown on some of the practices that have made some banks so valuable.
Some of the most popular derivatives are the so-called “crossover” swaps, which are designed to create large, short-term financial contracts, like a mortgage loan, and then sell them at a discount, to hedge against the market downturns.
In the last few years, the spread between the cost of the swaps and the value of the loans that they generate has been shrinking, causing some big banks to stop offering them, and to switch to more expensive alternatives.
A few major banks are now doing some of those swaps.
They have to report the loss, which can be substantial, and some banks have tried to make their loss worse by selling the contracts to people or firms that they believe will be better at covering their losses, a practice known as hedging.
But some banks say they aren’t hedging enough.
Others say they don’t know how to do it properly, and are getting squeezed.
“We need to get banks to have the information and have the ability to manage the risk,” said David E. Suter, chairman of the Federal Reserve Bank of St. Louis.
He has urged banks