Browsing: Federal Reserve

Newsbytes Fed’s Barr: Banks need to think beyond cyber defense

Cybersecurity preparedness has become increasingly important for banks but focusing on defense is not enough—banks must also develop and regularly test business continuity plans, Federal Reserve Vice Chairman for Supervision Michael Barr said.

Newsbytes Fed’s Bowman: Proposed capital standards should be revised

The proposed Basel III endgame capital requirements could result in significant harm to the U.S. economy through its effects on U.S. businesses while failing to achieve the intended goals of improving safety and soundness and promoting financial stability, Federal Reserve Governor Michelle Bowman said.

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