Topic: Federal Reserve Board

Powell and Clarida cleared over blackout trades

The US Federal Reserve’s watchdog has said that chair Jerome Powell and former vice-chair Richard Clarida did not violate any laws during a 2020 trading scandal.

18 July 2022

Barr confirmed for Fed role

After over seven months and one failed nomination, US president Joe Biden has finally filled the vacant role of the Federal Reserve’s vice chair for supervision.

14 July 2022

Protect investors to stave off crypto runs, Brainard says

At a Bank of England event, the US Federal Reserve’s vice-chair Lael Brainard has outlined a case for crypto-asset and stablecoin regulation and called for banks to second-guess their crypto involvement.

11 July 2022

“A big first step”: Lummis-Gillibrand proposes CFTC as primary crypto regulator, seeks automatic Fed accounts for fintechs

A bipartisan crypto bill, coming to the US Senate just weeks after the Terra stablecoin crash, looks set to re-energise the conversation around crypto regulation as market participants both applaud and decry its proposals.

10 June 2022

US supervisors to expand CRA to digital banks

A trio of the United States’ federal regulators have jointly released proposals to update their implementation of the Community Reinvestment Act, ensuring that digital banks are caught in the net and detaching evaluations from branch networks.

09 May 2022

Fed master account proposals draw industry backlash

The Federal Reserve’s proposal to allow fintechs access to central bank accounts has prompted six US banking bodies to express constitutionality concerns, calling on the regulator to reconsider its plans.

25 April 2022

Biden’s pick for Fed supervisor: how will industry react?

Michael Barr is the White House’s latest nominee for the Federal Reserve’s vice-chair for supervision, but practitioners say his views on the role of climate change in financial regulation may not be so different from ex-nominee Sarah Bloom Raskin’s.

20 April 2022

Better together? The future of US bank mergers

The bank merger framework in the United States is under the microscope for the first time in years, after President Biden announced an executive order that could have a lasting effect on how banks conduct business. But what would overhauling the merger framework actually look like?

19 April 2022

Fed nominee Raskin withdraws

Joe Biden’s nominee to be the Federal Reserve’s vice chair for supervision has withdrawn her name from consideration, after a key Democratic senator announced his opposition to her confirmation.

16 March 2022

Fed issues new tiered fintech access rules

The Federal Reserve has followed up on its proposals issued last year for giving fintechs accounts, issuing a new tiered framework for accepting new account requests.

03 March 2022

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