Fed Chairman ‘Undecided’ about Merits of Central Bank Digital Currency
Testifying before the Senate Banking Committee today, Federal Reserve Chairman Jerome Powell said that he is “legitimately undecided about whether...
Newsbytes
Consumer Delinquencies Decline in First Quarter of 2021
Consumer credit delinquencies declined in the first quarter of 2021—following a rise the prior quarter—as the economy rebounded strongly, according...
ABA Releases Report on Understanding Cryptocurrency
The American Bankers Association today released a report on cryptocurrency for bankers that discusses its origins, uses, technological underpinnings and...
CFTC Staff Issue Statement on Libor Transition
In a joint statement today, the Commodities Futures Trading Commission’s Market Participants Division and Division of Market Oversight emphasized to...
Powell: ‘Patience’ to Characterize Fed’s Monetary Policy Approach
estifying before House lawmakers today, Federal Reserve Chairman Jerome Powell maintained that the Fed’s overall monetary policy stance remains “appropriate”...
Beige Book: Economy Continues to Strengthen
The economy strengthened further from May to early July, displaying moderate to robust growth with bank lending activity increasing slightly...
FASB to Reconsider TDR, Purchased Loan Accounting Under CECL
The Financial Accounting Standards Board today voted to add two projects to its technical agenda based on feedback it received...
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance
The Federal Reserve, FDIC and OCC are seeking comments on a joint proposal designed to manage risks associated with third-party...
FSB: Reforms, Bold Policy Response Enabled Financial System to Weather Pandemic
The global financial system has weathered the pandemic due to greater resilience, supported by the G20 reforms, and a “swift,...
CFTC Panel Approves ‘SOFR First’ Rate Transition Plan
As part of regulators’ efforts to facilitate the ongoing transition away from Libor, the Commodity Futures Trading Commission’s Market Risk...
