Browsing: Federal Reserve

Economy Fed: Most banks managing interest rate risk

While higher interest rates contributed to the recent bank failures, high levels of capital and moderate risk exposures mean that a large majority of U.S. banks are resilient to potential strains from higher rates, the Federal Reserve said in its latest financial stability report.

Newsbytes Bowman sees risks in central bank digital currency

The adoption of the central bank digital currency poses many risks and challenges, including the risk that it would cannibalize rather than complement services provided by the U.S. banking system, Federal Reserve Governor Michelle Bowman said.

Economy Fed’s Goolsbee urges caution on raising rates

Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential “financial headwinds”—such as tighter credit conditions—following the closures of Silicon Valley Bank and Signature Bank, Chicago Fed President Austan Goolsbee said.

Newsbytes Regulators consider stronger rules for larger banks

The Federal Reserve is reviewing its capital and liquidity standards for all large banks following the closures of Silicon Valley Bank and Signature Bank, including those with more than $100 billion in assets, Fed Vice Chairman Michael Barr said this week.

Newsbytes Senators question regulators’ role in SVB collapse

During a Senate Banking Committee hearing this week, regulators agreed that rules governing financial institutions should be strengthened to better protect the overall financial system. Several lawmakers questioned, however, whether those same regulators failed to use their existing tools to rein in Silicon Valley Bank.

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