Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 […]
Approval of a Wyoming crypto firm’s proposed application for membership in the Federal Reserve System could pose a “significant risk” to the community it wants to serve, according to an order denying the application issued […]
Federal Reserve Banks transfers to the U.S. Treasury were down $33 billion in 2022 compared to the previous year, the Fed said Friday in releasing its 2022 combined annual audited financial statements for the Reserve […]
Supervision and regulation of large banks will need to be strengthened in the wake of the recent failure of two institutions, the chair of the Federal Reserve Board said Wednesday. Speaking to the press following […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
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