The Federal Reserve today announced new pricing for the payment services that Fed banks provide to depository institutions, such as the clearing of checks, ACH transactions, and wholesale payment and settlement services. The changes take effect Jan. 2, 2024. The Fed also announced that it will maintain the current schedule for the FedNow service, inclusive of discounts.
Basel Committee issues voluntary climate disclosure framework
Reflecting significant pushback from both ABA and U.S. banking agencies, the Basel Committee last week issued a framework for voluntary disclosure of climate-related financial risks for large international banks.