Loan conventions and use cases for how to best use an alternative to a soon-to-be-defunct LIBOR reference rate were recommended Wednesday by a Federal Reserve-sponsored committee. In a release, the Alternative Reference Rate Committee (ARRC), […]
Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]
Rising concern about the growing use of “stablecoins” without a regulatory framework led to a meeting Monday of top banking regulators, the Treasury announced. Recommendations, based on the meeting and on a forthcoming report, are […]
The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
If Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell should be looking over his shoulder at a replacement for him when his term runs out in February, the White House is giving no indication […]
Title: Proposed Interagency Guidance on Third-Party Relationships: Risk Management Subject: Third-party relationships Agency: FDIC, Federal Reserve, OCC Status: Proposed interagency guidance and request for comment Summary: The Board, FDIC, and OCC (together, the agencies) invite […]
Before settling on issuing a “central bank digital currency” (CBDC), broad support among the public – and in Congress – is a must, the Federal Reserve Board chair told a Senate committee Thursday. Testifying before […]
Lending activity at banks increased a bit across the country over the last several weeks, but supply-side disruptions became more widespread, continuing to vex manufacturing, construction and other areas, according to the Federal Reserve’s latest […]
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 […]
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