Treasury Under Secretary for Domestic Finance Nellie Liang highlighted steps regulators must take to identify vulnerabilities within the financial system, in order to help prepare for shifts in systemic liquidity demand and supply.
News & Insights
The CFPB adopted an interim final rule to facilitate the transition from LIBOR and reflect the enactment of the Adjustable Interest Rate (LIBOR) Act and related Federal Reserve Board actions.
FinCEN fined a South Dakota-chartered trust company for failing to accurately and timely report hundreds of suspicious transactions in violation of the Bank Secrecy Act. This is the first ever FinCEN enforcement action involving a trust company.
The Federal Reserve Board approved UBS Group AG's application to acquire the U.S. subsidiaries of Credit Suisse Group AG.
Treasury Secretary Janet Yellen described U.S. banking regulators' response to recent bank failures and highlighted Treasury's regulatory approach to risks posed by nonbank financial institutions.