Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued Wednesday by the Treasury office tasked with conducting financial research. The report also raised concerns about risks […]
Cyber risk is the most significant threat to the banking industry, the leader of the Federal Reserve Board told a Senate committee Tuesday. In testimony over the impact of Federal Reserve and Treasury actions to […]
Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing financial markets in a letter released Monday. The […]
The White House Monday said President Joe Biden (D) intends to nominate Graham Steele to fill the post of assistant Treasury secretary for financial institutions, which helps set policy on financial institutions, government-sponsored enterprises, and […]
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 […]
Nellie Liang was confirmed by the Senate Thursday as Treasury under secretary for domestic finance – responsible for policy on financial institutions, financial markets, and more – with nearly three-fourths of the Senate voting in favor. […]
Treasury plans to make clarifications and amendments to a capital investment program created for community development financial institutions (CDFIs) and minority depository institutions (MDIs) that may be disproportionately affected by the economic impacts of the […]
Businesses and tax-exempt organizations with less than 500 employees — including banks and credit unions — can receive a tax credit toward Medicare taxes they pay for providing paid time off for each employee receiving […]
Leveraging finance and financial risk mitigation to confront climate change challenges is the aim of a new climate policy strategy announced by the Treasury Department Monday, which also includes a “climate hub” and climate counselor. […]
A current Treasury official will head up the agency’s financial crimes enforcement unit on an acting basis once the incumbent director leaves office April 9, the agency said Friday. The Treasury Department said Michael Mosier, […]
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