Fed Gov. Powell Advocates for Central Counterparty Stress Testing
In a speech at the Federal Reserve Bank of Chicago today, Federal Reserve Governor Jerome Powell said that regulators should...
Economy
Broad Repo Rate Recommended as Libor Alternative
The Alternative Reference Rate Committee on Thursday recommended a broad Treasuries repo financing rate as a preferred alternative to the...
Bank Economists: Moderate Growth to Continue Through 2018
The U.S. economy will continue to expand, with growth in 2017 forecast to just above 2 percent, the American Bankers...
State Associations Call on Senate to Advance Reg Relief Legislation
As the debate over financial regulatory reform now shifts to the Senate, 52 state associations today called on Senate leadership...
Regulators to Support Further Reg Relief Measures in Hearing Tomorrow
The heads of the regulatory agencies are expected to endorse various proposals for regulatory relief tomorrow in a hearing in...
Mnuchin: Foreign Investment in U.S. Banking Industry Drives Economic Growth
Foreign investment in the U.S. banking system helps to diversify the financial system and drive economic growth, Treasury Secretary Steven...
Fed’s Fischer: Government Backing of Housing Market Should Be Explicit, Not Implicit
Government guarantees of mortgage-related assets should be explicit, not implicit, Federal Reserve Vice Chairman Stanley Fischer said in remarks today.
Yellen Signals Greater Transparency in Stress Tests
In a letter to Rep. Blaine Luetkemeyer (R-Mo.) last week, Federal Reserve Chair Janet Yellen said that the Fed will...
