Citing the July 2020 results of a Survey of Household Economics and Decisionmaking, Federal Reserve Board Governor Michelle W. Bowman described the uneven economic recovery from the COVID-19 pandemic.
The Federal Reserve Board adopted a final rule that expands the number of financial institutions that fall under the "netting" provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991.
Federal Reserve Board Governor Lael Brainard described challenges and solutions for incorporating climate-related risk assessments into supervisory frameworks.
The Federal Reserve Board adopted an interim final rule to extend certain exceptions under the Paycheck Protection Program to allow bank executive officers, directors and principal shareholders to apply for loans from related bank affiliates on behalf of the small businesses they own.
A final rule promulgated by the OCC, Federal Reserve Board and FDIC that implements a net stable funding ratio requirement for certain large U.S. banking organizations was published in the Federal Register.
The Federal Reserve Board adopted an interim final rule to further extend an exception for bank executive officers, directors and principal shareholders to apply for Paycheck Protection Program loans from related bank affiliates on behalf of small businesses they own.
A Federal Reserve Board final rule to "lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent" was published in the Federal Register.
A Federal Reserve Board final rule to conform the capital planning, regulatory reporting and stress capital buffer requirements to those under the Federal Reserve Board's October 2019 prudential standards framework was published in the Federal Register.
The Federal Reserve Board reappointed 12 Federal Reserve Bank presidents to serve five-year terms beginning March 1, 2021. The FRB also approved the reappointment of 11 first vice presidents.
FinCEN, the Federal Reserve Board, the FDIC, the National Credit Union Administration and the OCC issued new guidance on suspicious activity reporting for covered financial institutions.
The OCC, Federal Reserve Board, FDIC, National Credit Union Administration and CFPB adopted a rule codifying a 2018 Interagency Statement Clarifying the Role of Supervisory Guidance.
The Federal Reserve Board adopted amendments that conform the capital planning, regulatory reporting and stress capital buffer requirements for "Category IV" firms to the requirements under the FRB's October 2019 prudential standards framework.
At an AI Academic Symposium, Federal Reserve Board Governor Lael Brainard compared the potential benefits and the regulatory risk of artificial intelligence in financial services.
A Federal Reserve Board, OCC and FDIC joint final rule that will limit the interconnectedness of large banks and reduce systemic risk was published in the Federal Register.
The Federal Reserve Board amended regulations to “lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent.” The FRB also proposed amendments to (i) create a new single "interest on reserve balances" rate and (ii) simplify the formula for payment of interest on balances.
The Federal Reserve Board, the FDIC and the OCC extended time-limited no-action relief to asset managers and other institutions from certain regulations that limit extensions of credit to "insiders."
Federal Reserve Board Governor Lael Brainard emphasized the importance of preparing the U.S. financial system to deal with the challenges of climate change.
In a joint statement, the FRB and the OCC said they will not recommend enforcement action against swap dealers that are parties to certain legacy swaps in connection with the UK's departure from the EU.
The FDIC and the Federal Reserve Board finalized guidance regarding the submission of the resolution plans with respect to certain large foreign banking organizations.
The Federal Reserve Board adopted a final rule that raises the threshold on fee assessments for bank holding companies and savings and loan holding companies.
