FFIEC Issues New Booklet on IT Architecture, Infrastructure, Operations
The Federal Financial Institutions Examination Council today issued a new booklet providing guidance to help examiners assess the risk profile ...
Tag: Technology
Fed’s Quarles Skeptical on Benefits of U.S. CBDC
Cautioning against “American susceptibility to boosterism and fear of missing out” leading to “occasionally impetuous, deluded crazes or fads,” Federal ...
FDIC Announces Tech Competition to Reach Unbanked
The FDIC announced a competition today for companies to explore new technologies for banks to meet the needs of unbanked ...
ABA to Lawmakers: CBDCs Could ‘Reshape’ Banking System
As central banks around the globe explore whether to issue central bank digital currencies, there is a growing recognition that ...
Large Bank CEOs Discuss Pandemic Response, Climate Policy During Congressional Hearing
The CEOs of the nation’s largest banks recapped their institutions’ efforts to support their customers and communities through the COVID-19 ...
ABA Urges FDIC to Modernize Signage, Advertising Requirements
The American Bankers Association urged the FDIC yesterday to modernize its signage requirements to reflect new technologies and provide clarity ...
Brainard: Federal Reserve Sharpening Focus on Central Bank Digital Currency Research
In remarks at a virtual industry event today, Federal Reserve Governor Lael Brainard said the Federal Reserve is sharpening its ...
Federal Reserve to Explore Central Bank Digital Currency
The Federal Reserve plans to publish this summer a discussion paper exploring the implications of issuing a U.S. central bank ...
OCC’s Hsu Says Fintech Firms Should Be Chartered in ‘Safe and Sound Way’
Testifying before the House Financial Services Committee today, Acting Comptroller of the Currency Michael Hsu said that the OCC needs ...
ABA Data Bank: Smartphone Ownership Among Older Americans Increased in 2020
According to a survey by the AARP, 85% of adults over the age of 50 owned a smartphone in 2020, ...
