Some financial institution contracts with technology service providers lack sufficient detail regarding the contract parties’ respective rights and responsibilities for business continuity and incident response, the federal insurer of bank deposits said Tuesday in a […]
The roles of “fintech,” nonbank financial intermediation and “too big to fail” were again key points for the chief Federal Reserve regulator for supervision, who also again pledged to look into all three as he […]
Programs and initiatives for minority depository institutions, the credit union chartering process and the grant round for low-income credit unions are among the topics to be discussed in an April 24 webinar by the federal […]
Proposed rules on prudential standards for foreign banking organizations (FBOs) and resolution plan requirements for both foreign and domestic banking firms will be considered by the Federal Reserve Board next week (April 8). The central […]
Patrick J. McClanahan is the Federal Reserve’s next chief operating officer (COO), effective April 29, succeeding long-time federal government worker and executive Don Hammond, who retired earlier this year. The Fed made the announcement late […]
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
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