Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
A congressional oversight agency review of civil money penalty (CMP) reporting by federal agencies does not contain information from federal financial institution regulators, primarily because those agencies are not generally required to file agency financial […]
A $66 billion Utah-based bank would not be considered “systemically important” to the U.S. financial structure under federal banking rules following the bank’s merger with its parent company, under a proposed decision reached Wednesday by […]
The Senate, Tuesday on a vote of 66-33, confirmed Randal Quarles to a full, 14-year term as a member of the Board of Governors of the Federal Reserve System. This term lasts through Jan. 31, […]
The head of the nation’s central bank testified Tuesday on monetary policy and faced questions from lawmakers over bank stress testing – which the agency chairman said remains an important supervisory tool – and implementation […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
A proposed rule giving many banks relief from the “Volcker Rule” – created in 2013 to prohibit proprietary trading by banking organizations – will finally be published Tuesday in the Federal Register, and open to […]
Randal Quarles’ 14-year tenure on the Federal Reserve Board is poised to become reality as the Senate gets ready to vote on confirmation this week on his nomination by President Donald Trump, made last year. […]
A hearing on a high-profile nomination and testimony (twice) from the leader of the nation’s central bank are among the highlights of this week’s activities affecting federal financial institution regulation. The nomination of Kathleen “Kathy” […]
Introductory remarks Federal Reserve Board Vice Chairman for Supervision Randal Quarles (pre-recorded) Alternative Reference Rates Committee Roundtable, Federal Reserve Bank of New York (in New York City).
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