Achieving and sustaining maximum employment and price stability depends on a stable financial system, and the Federal Reserve continues to monitor vulnerabilities in the banking system, the chair of the agency’s board said in testimony […]
While the international financial system displayed resiliency in dealing with the coronavirus crisis last year, the impact of the pandemic may include further tests to resiliency ahead, according to a report published Tuesday by an […]
Joint agency guidance for banking institutions on third-party risk management – including that related to arrangements with fintech (financial technology) firms – was issued Tuesday for a 60-day public comment period by the Federal Reserve, […]
Globally consistent, comparable, and reliable disclosures as well as a broader set of high-quality, relevant data together can provide the basis to assess the risks of climate change, particularly on financial stability, the vice chair […]
Financial institutions remained resilient through the first six months of 2021, although some vulnerabilities – such as households and businesses under strain – have increased since February, the Federal Reserve said Friday in its semiannual Monetary […]
In yet another sign that the U.S. economy is growing quickly, consumer credit outstanding increased at a rate of 10% in May (seasonally adjusted), the Federal Reserve reported Thursday. The agency also reported an 11.4% […]
Looking for a lively interactive webcast on project management and construction services? The Federal Reserve has what you seek, it says, coming in a July 21 one-hour webcast. The agency, in a website posting (and […]
Adoption or use of some alternative interest rate references to replace the soon-to-be-defunct LIBOR may pose safety and soundness reputational risks, according to a letter sent Thursday to Federal Home Loan Banks (FHLBs) from their federal […]
An $8,000 civil money penalty was assessed against First Vision Bank, Tullahoma, Tenn., on June 30 over the bank’s pattern or practice of violations of rules (Regulation H) implementing the National Flood Insurance Act (NFIA), […]
A new tool aimed at helping smaller banks calculate their allowances under the new current expected credit loss (CECL) accounting standard was unveiled by the Federal Reserve Thursday. The Fed said the spreadsheet-based tool – dubbed […]
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