Fed’s Miran: Stablecoins pose little risk to bank deposits
Passage of a new regulatory framework for stablecoins likely won’t lead to a flood of bank customers pulling their money...
Technology
Fed’s Waller: ‘Skinny’ master account would only be available to banks
Federal Reserve Governor Christopher Waller sought to clear up confusion about his proposal for the creation of a “skinny” master...
From process efficiency to ‘digital employees’
Artificial intelligence tools are at the heart of large banks’ innovation strategies, according to CEOs of BNY, Wells Fargo and...
ABA, associations share recommendations for implementing Genius Act
As the Treasury Department crafts regulations to implement the Genius Act, it should seek to preserve the benefits of payment...
Bowman: Regulation preventing banks from engaging in economic innovations
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with...
BIS urges central banks to reconsider approach to AI
Central banks and other supervisory and regulatory authorities need to “raise their game” both as observers of the effects of...
Deloitte: 2026 could be defining year for banks
Economic uncertainty could test U.S. banks’ revenues and profitability in 2026, and many institutions will likely need to make major...
Appeals court upholds Fed decision to deny crypto firm master account
A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency...
Lawmakers, policymakers express concern about interest-bearing stablecoins
Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin...
Court temporarily halts Section 1033 rule enforcement
A federal court issued an order preventing the CFPB from enforcing its rule on financial data sharing while the bureau...
