Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
A Federal Reserve-developed alternative to a now-defunct (and soon to be eliminated) interest rate standard has become the dominant benchmark in the market, according to the group that developed the alternative. The Alternative Reference Rates […]
Tokenization and artificial intelligence (AI) are two areas of financial innovation that may have the potential to deliver substantial benefits, a member of the Federal Reserve Board said Thursday. Speaking to a conference focusing on […]
Tighter lending standards amid increased uncertainty and concerns about liquidity were reported by business contacts in several areas around the country, according to the results of the latest survey of business conditions by the Federal […]
Whatever may be the outcome, it’s important for the Federal Reserve to be engaged in ongoing discussions around central bank digital currencies (CBDCs), the Fed Board’s community bank representative said Tuesday in Washington. “[A]s the […]
The dearth of de novo banks in recent years was blamed, at least in part, for the rise of such developments as “charter-strip” banks, shift to a “shadow banking” system, and “banking as a service,” […]
A determination to maintain financial stability was one of the goals cited by the group of finance ministers of seven democracies and central bank governors meeting Wednesday in Washington. According to the statement issued by […]
Applications from persons wishing to serve on the Federal Reserve’s Consumer Advisory Council (CAC) for a term beginning Jan. 1, 2024, will be accepted by the Fed between this April 10 and June 9, the […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
Fines of nearly $98 million were assessed against the holding company of Wells Fargo bank Thursday for its “historical inadequate oversight of sanctions compliance risks” which resulted in more than $530 million in prohibited transactions […]
The Federal Reserve will make public the findings of its review of the supervision and regulation of Silicon Valley Bank (SVB) prior to its failure, including supervisory information, by May 1, the Fed’s top supervision […]
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