A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.
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In a report on climate-related financial risk, the Financial Stability Oversight Council identified climate change as an emerging and increasing threat to U.S. financial stability.
The Federal Reserve Board established a Commercial Paper Funding Facility "to support the flow of credit to households and businesses due to the coronavirus outbreak."
The Federal Reserve Bank of New York provided FAQs on the recently established Commercial Paper Funding Facility.
The Federal Reserve Bank of New York issued an additional series of FAQs concerning the Primary Market Corporate Credit Facility and the Secondary Market Corporate Credit Facility.