CFPB Director Rohit Chopra and SIFMA President Kenneth E. Bentsen, Jr. published opposing public statements on proposed revisions to capital requirements for large banking organizations.
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A foreign banking organization settled charges with the Federal Reserve Board for failing to address known risks associated with a client investor that had an “increasingly concentrated [total return swaps] portfolio.”
In a report on the results of a "2022 Bank for International Settlements Survey on Central Bank Digital Currencies and Crypto" that covered 86 central banks, Bank for International Settlements highlighted that "93% of surveyed central banks are engaged in some form of CBDC work and more than half are running concrete experiments or working on pilots."
Federal Reserve Board Vice Chair for Supervision Michael S. Barr shared the results of his "holistic review of capital for large banks" and recommended bank resolution reforms in response to recent bank failures.
Senator Elizabeth Warren (D-MA) urged banking agencies to “accelerate” updating the bank merger review guidelines following the bank failures in March 2023.