In testimony before the Senate Banking Committee, heads of prudential regulatory agencies described current challenges facing the banking industry and risks to financial stability.
News & Insights
In a semiannual review of its regulatory policy initiatives, the Federal Reserve Board said that it was taking steps "to enhance the speed, force, and agility of its supervision to reflect lessons learned from the recent U.S. bank failures and its supervision of Silicon Valley Bank."
The Inter-Agency Working Group for Treasury Market Surveillance reported progress on efforts to ensure that the Treasury market "remains the deepest and most liquid market in the world and a central component of the financial system."
The CFTC and French financial regulators have signed a Memorandum of Understanding aimed at facilitating cooperation and the exchange of information related to supervising covered institutions that operate on a cross-border basis in the United States and France.
Federal Reserve Board Governor Michelle W. Bowman advocated for a balanced approach of prudent supervision and international collaboration to address financial stability risks.