Tag Archives: cybersecurity

OFR Raises Concerns about Market, Cyber Risk in 2017 Report

While the financial system is more resilient today than in the years before the financial crisis, new vulnerabilities -- including market risk and cyber risk -- continue to pose threats to financial stability, the Office of Financial Research said in its financial stability report released today.

Read More »

Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

Read More »