Regulators need more tools to keep system safe: Boston Fed chief
The U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says. ... Read full article
News Topic: Federal Reserve Bank of Boston
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Simplified stress test metric will be ready by 2020: Fed’s Quarles
The Federal Reserve last year proposed consolidating many of the measures of a bank’s capital strength into a single “stress capital buffer.” ... Read full article
CRA credit for high-speed internet access?
Better web access, paid for by banks, could go a long way toward moving the unbanked into the mainstream. It was one of many ideas batted around at a recent a conference on the role fintech can play in promoting financial inclusion. ... Read full article
Santander Holdings released from three-year-old enforcement action
The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries. ... Read full article
Behind the Fed's effort to squeeze out payments fraud
The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it. ... Read full article
Fed launches study of causes and effects of payments fraud
The announcement comes after a Federal Reserve Board task force issued a report in September that said it would further examine options for modernizing the U.S. payments system. ... Read full article
Federal Reserve taps Boston Fed COO to head payments task force
In the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system ... Read full article