Bowman: Regulatory Framework Must Not Constrain New Bank Formation
In a recent speech, Federal Reserve Gov. Michelle Bowman addresses the lack of new bank formations in the last decade ...
Tag: Federal Reserve
FSOC Recommends Next Steps for Regulatory Framework on Climate Risk
The Financial Stability Oversight Council today said that climate change represents an “emerging threat” to U.S. financial stability, and approved ...
ABA Comments on Proposed Interagency Third-Party Risk Management Guidance
ABA provided detailed feedback on interagency third-party risk management guidance proposed by the Federal Reserve, FDIC and OCC.
FOMC: Asset Purchase Tapering Could Start in November, December
Federal Open Market Committee members said that if they decide to start tapering asset purchases at their next meeting, the ...
Fed’s SCALE Method for CECL: Haze Lifted, Questions Remain
The Federal Reserve introduced its CECL Scalable CECL Allowance Estimator, or SCALE, method and tool during an “Ask the Fed” ...
Debt Limit Questions Dominate House Finance Hearing on Pandemic Response
Treasury Secretary Janet Yellen called the possible consequences of breaching the debt ceiling “catastrophic” during a House Financial Services Committee ...
Powell, Yellen Discuss Persistent Inflation, Systemic Risk
Higher inflation rates “will likely remain so in the coming months,” Federal Reserve Chairman Jerome Powell acknowledged today in testimony ...
FOMC: Asset Purchases May be ‘Moderated’ if Economic Progress Continues
If the economy continues to improve broadly, “a moderation in the pace of asset purchases may soon be warranted,” the ...
Fed Issues Paper on Bank/Fintech Partnerships; Bowman Discusses Innovation
The Federal Reserve today published a paper highlighting how community banks can partner effectively with fintech companies.
ABA Calls for Interoperability as Fed Develops FedNow
In a comment letter to the Federal Reserve today, the American Bankers Association offered feedback on a recent proposal to ...
