“FedNow” – the Federal Reserve’s much-anticipated (and delayed) round the clock payment system – will be ready “sooner rather than later,” a key Fed bank president told a bankers’ group Tuesday, reiterating a 2023 debut. […]
Non-bank financial intermediation remains at the top of the supervision priority list for international banking regulators because of the urgency to address vulnerabilities, the chairman of the group said Monday. In remarks to the third […]
Slowing the use of U.S. dollar LIBOR – a reference rate for derivative contracts and some loan interest rates – should begin now to foster a smooth, complete end to the rate’s overall use, a […]
The Federal Reserve should refrain from any further deregulatory actions until President Joe Biden (D) has chosen nominees for upcoming terms on the agency’s board, the chairman of the Senate Banking Committee said in a […]
The Federal Reserve’s top supervisor is out as the chair of the board’s supervision and regulation committee, the agency said Tuesday, one day before his term as the top supervisor at the agency comes to […]
Supervisory guidance for large banking institutions from the Federal Reserve in measuring, monitoring and managing climate-related risks is anticipated from at least one of the agency’s board governors, she told a group Thursday. In remarks […]
A bank was assessed an $11,000 civil money penalty over reported violations of federal flood insurance requirements under an order announced Thursday by the Federal Reserve Board. Meanwhile, a former California bank employee is named […]
A plan for the Federal Reserve Banks to adopt a new message format for the Fedwire® Funds Service on a single day, rather than three separate phases as earlier proposed, is out for comment until […]
The Federal Reserve Board said it will adopt the ISO® 20022 message format for the Fedwire® Funds Service. It seeks public comment on a revised plan for migrating the Fedwire Funds Service to the ISO […]
Title: New Message Format for the Fedwire® Funds Service Subject: Payment services Agency: Federal Reserve Status: Notice and request for comment Summary: The Board of Governors of the Federal Reserve System (Board) is announcing that […]
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