Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
References to an “interest on required reserves” (“IORR”) rate and to an “interest on excess reserves” (“IOER”) rate would be replaced with a single “interest on reserve balances” (“IORB”) rate under a proposal for amending […]
Credit Suisse has 90 days to provide the Federal Reserve Bank of New York an acceptable plan for strengthening oversight of Bank Secrecy Act/anti-money laundering (BSA/AML) compliance across its U.S. operations under an order announced […]
The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]
Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]
The newest member of the Federal Reserve Board of Governors has now taken his seat after taking the oath of office Friday via a video call, leaving just one seat open on the seven-member board. […]
The three federal banking agencies Friday jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in the event of a computer security incident. The joint release […]
How banks are taking into account climate-related risk in their modelling and management of credit, market, liquidity, and operational risks will require over time the development of a framework for evaluating their efforts, a Federal […]
Members of the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) for 2021 were announced in a release Thursdayy. This Fed council includes one member each from the local advisory councils at the 12 […]
With about just under nine weeks left for public comments, the Federal Reserve Board’s point person on the agency’s Community Reinvestment Act (CRA) advance notice of proposed rulemaking (ANPR) focused her remarks before a banking […]
Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday. The CAC includes experts and representatives of consumer, workforce, and […]
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