Latest proposed and final rules, directives, guidance, comments and other actions from the Federal Reserve
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 – […]
Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing financial markets in a letter released Monday. The […]
A “pattern or practice” of violations of the regulation that implements the National Flood Insurance Act (NFIA) drew combined civil money penalties of $82,000 for South Shore Bank of Weymouth, Mass., and Dime Community Bank […]
Revised guidance on effective authentication and access risk management principles and practices related to digital banking services and information systems was issued Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC). The guidance replaces […]
A 2015 cease-and-desist order detailing unsafe and unsound practices in the foreign exchange (FX) operations of JPMorgan Chase & Co. (New York), and for which the firm was assessed a $342 million civil money penalty, […]
Individual capital requirements for large banks that will ensure $1 trillion in “high quality capital” – enough for the banks to weather a deep recession and keep lending – were announced Thursday by the Federal […]
When it comes to central bank digital currencies (CBDCs), count as another skeptic Federal Reserve Board Member Christopher Waller, who Thursday expressed his doubts it would “solve any major problem confronting the U.S. payment system.” […]
While pointing to a strengthening economy, the Fed’s vice chair on Wednesday indicated no plans for the present to slow the Fed’s purchases of Treasury and mortgage-backed securities, adding that any change in purchases will […]
The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]
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