Federal Reserve Board Vice Chair for Supervision Randal K. Quarles highlighted measures to promote efficiency in the financial system after the "Great Financial Crisis."
The U.S. House Financial Services Committee heard testimony from the CEOs of U.S. global systemically important banks on "trends and developments in the industry since the 2008 global financial crisis."
In testimony before the Senate Banking Committee, Federal Reserve Board Vice Chair for Supervision Randal K. Quarles provided legislators with an update on the effects and wind-down of programs implemented in response to the pandemic.
Federal Reserve Board Chair Jerome Powell emphasized the importance of collaboration to create a more inclusive, efficient and transparent cross-border payments ecosystem.
The Congressional Research Service provided an overview of "selected banking-related issues that may attract congressional interest in the 117th Congress."