Browsing: Financial stability


Members of the Financial and Banking Information Infrastructure Committee — a group of representatives from 18 federal and state financial regulatory organizations — met on Tuesday in Washington, D.C., to discuss cybersecurity policy issues in the financial sector.


In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.


In coordination with international trade associations, earlier this week ABA led a delegation of U.S. banks to a Basel Committee on Banking Supervision meeting on the committee’s “step-in risk” proposal, which the committee intends to address the risk that a bank would provide non-contractual financial support to nonbank financial entities.

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