Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
The “year of magical thinking” is over, and market participants should act now to accelerate their transition away from LIBOR, the Federal Reserve’s top supervision officer said Tuesday. Federal Reserve Board Vice Chair for Supervision […]
The message format will change for the Federal Reserve’s Fedwire Funds Service – to ISO 20022 — the agency said Monday, adding the change is being made to increase efficiency and data collection. Additionally, the […]
Cyber risk is the most significant threat to the banking industry, the leader of the Federal Reserve Board told a Senate committee Tuesday. In testimony over the impact of Federal Reserve and Treasury actions to […]
Changes in technology, analytical capabilities, and customer and workforce preferences are spurring an initiative at the Federal Reserve to investigate the implications of those changes for the agency’s supervision function, a governor of the Fed […]
Whoever becomes the top regulatory supervisor for the Federal Reserve in the coming months can apparently count on the support of the current board chair in that position, as indicated in remarks Wednesday. During a […]
The outlook on the transition away from LIBOR and lessons learned about reference rates will be among the featured topics during a Sept. 20 event sponsored by a group that has developed an alternative to […]
A final rule that raised to 0.15% the rate of interest the Federal Reserve Banks pay on depository institutions’ reserve balances was published in the Federal Register Wednesday. The rate 0.05 percentage point increase was […]
There is more time to comment on proposed guidance to help banking organizations manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said Tuesday. In separate releases, the agencies said […]
Frequently asked questions (FAQs) about an alternative reference rate to LIBOR – especially best practices related to the use of a term rate for the alternative – were issued Friday by a Federal Reserve-sponsored group. […]
Helping community banks assess risks when considering relationships with financial technology companies is the aim of a new guide issued Friday by the federal banking agencies. In separate releases, the agencies said the guide – […]
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