Studies and reports with recommendations about how to deal with the overall impact of the coronavirus crisis on the international banking community, particularly via non-bank financial intermediaries (NBFIs), are forthcoming over the next several months, […]
The Federal Reserve will continue its independence from the Treasury Department and other federal entities in order meet its dual mandates of promoting maximum employment and stable prices, the agency’s newest board member said in […]
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
Temporary and additional restrictions on bank holding company dividends and share repurchases now in place will end for most firms after June 30, after completion of the current round of stress tests, the Federal Reserve […]
The interagency council formed under the 2010 Dodd-Frank Act to identify risks to financial stability and respond to emerging threats is set to meet next Wednesday on climate change and its potential impact on stability, […]
The hardwired fallback language for syndicated and bilateral business loans that reference U.S. dollar (USD) London Interbank Offered Rate (LIBOR) has been supplemented by the Federal Reserve committee for establishing alternative reference rates, the committee […]
A former head teller of Texas Community Bank (Laredo, Texas) is prohibited from future work in any federally insured depository institution under a consent order announced Thursday by the Federal Reserve Board. The consent order, […]
A group developing an alternative interest rate reference tool “will not be in a position” to recommend a forward-looking rate by the middle of this year, the group said Tuesday, adding it also encourages market […]
Two new committees will focus on the impact of climate change on financial stability, a Federal Reserve Board governor said Tuesday, as the agency finds it “increasingly clear” that climate change could have “important implications” […]
The 12 Federal Reserve Banks earned some $88.6 billion in 2020, up $33.1 billion from 2019 and helped by a $27.1 billion decrease in expense for interest paid on depository institution reserve balances, the Federal […]
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