The OCC, FRB and FDIC requested comment on a set of rules as part of a process to identify "outdated" or "unnecessary" regulatory requirements on insured depository institutions and their holding companies.
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The OCC, the Federal Reserve Board and the FDIC proposed long-term debt requirements for large banking entities, holding companies, foreign banking organizations and large insured depository institutions to facilitate resolvability in the event of failure and to reduce the risk of contagion within the financial system.
In a speech before the U.S. Monetary Policy Forum, Federal Reserve Board Governor Lael Brainard highlighted the increasing digitalization and decentralization of global finance and considered the implications of such trends for the financial system.
Federal Reserve Board Governor Lael Brainard described technological and market developments driving the FRB's deliberations on central bank digital currencies.
The Federal Reserve Board compiled FAQs on existing interpretations from Orders, rulemakings, letters to institutions and other written and verbal guidance.