The Federal Reserve Bank of Dallas today named Robert Kaplan as its next president and CEO. Kaplan, who takes office on Sept. 8, is a former investment banker and vice chairman at Goldman Sachs. Since 2006, he has been a management professor and executive at Harvard Business School, where he authored several books on leadership. He is also co-chairman of the Draper Richards Kaplan Foundation. Kaplan will succeed Richard Fisher, who retired in March after 10 years leading the Dallas Fed.
FinCEN to exempt U.S. companies from beneficial ownership reporting
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act.