News Topic: Federal Reserve

The Federal Reserve Board on Thursday proposed to give banks more insight into portfolio performance under its stress testing models in an effort to help banks better understand the Fed’s methodology. ... Read full article

The central bank should take new steps to ensure that examiners do not become too cozy with the big banks they supervise, a government watchdog said. ... Read full article

The Federal Reserve Bank of Richmond's decision to hire Thomas Barkin as its next president has renewed questions over the cloaked process of selecting officials who set the most widely watched policy interest rates in the world. ... Read full article

Critics argue that the consumer bureau's independence is being undermined, and they worry that a precedent is being established that could hamper the autonomy of other U.S. financial regulators. ... Read full article

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank. ... Read full article

More than 10 months into office, the Trump administration’s takeover of banking regulators is effectively complete. ... Read full article

Describing cybersecurity as the biggest risk facing the financial sector, Vice Chairman for Supervision Randal Quarles said regulators should more actively facilitate conversations between banks and national security agencies to boost digital security. ... Read full article

The nomination of Jelena McWilliams to chair the Federal Deposit Insurance Corp. moves the Trump administration one step closer to completing its team of regulatory appointments in its push to undo former President Obama's post-crisis policies. ... Read full article

The Federal Reserve Board's vice chair of supervision said that digital currencies hold the potential for innovation but that the financial system's security and resiliency are more important. ... Read full article

Rep. Sean Duffy, R-Wis., and Sen. Mike Enzi, R-Wyo., drafted legislation that would set pay for CFPB employees in line with the federal government's pay scale known as the general schedule. ... Read full article

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board. ... Read full article

On his last day at the agency, Keith Noreika called for scaling back the Bank Holding Company Act, arguing that it burdens banks with duplicative regulation and restricts their economic potential. ... Read full article

In his nomination hearing, Jerome Powell was quick to assure Republican senators of his regulatory relief credentials. But Democrats still fear that he and other Trump appointees might upend the Dodd-Frank Act. ... Read full article

President Trump’s pick to head the Federal Reserve will face the Senate Banking Committee this week. Here’s what to watch for. ... Read full article

Cordray picking his own interim successor sets off a firestorm; co-head of global banking leaves the U.K. bank after only 18 months. ... Read full article

New York Venture Bank would be run be a former Square 1 executive and would feature former CFPB deputy director Raj Date on its board. ... Read full article

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool ... Read full article

CapStar in Tenn. claims Gaylon Lawrence violated the Change in Bank Control Act by building a 10% stake without prior Fed approval. The company is convinced Lawrence's long-term plan includes a hostile takeover. ... Read full article