John Williams

What ongoing repo turmoil means for banks

12/03/19

Federal Reserve officials said they contained fallout from the rate spike in the repurchase agreement market, but the episode poses longer-term repercussions for liquidity rules, the transition to a new interest rate benchmark and other issues.

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Is the end of Libor a threat to financial stability?

10/27/19

Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.

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Goldman’s ‘money pit;’ lenders embrace small installment loans

09/30/19

Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.

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Experimenting with digital currencies; Questioning SOFR

09/24/19

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

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G7 warns on Libra; N.Y. Fed chief tells central banks to be bold

07/19/19

Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”

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San Francisco Fed names research head as new president

09/14/18

Mary Daly succeeds John Williams, who left the bank earlier this year to run the Federal Reserve Bank of New York.

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The 'tyranny of success'; Wells to revamp wealth unit

06/19/18

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.

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What banks — and fintechs — can expect from N.Y. Fed's new chief

04/05/18

John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit.

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Reacting to Williams’ appointment; Treasury seeks CRA changes

04/04/18

The San Francisco Fed chief, an economist, is seen as a complement to Fed chair Powell; the proposal would make it easier for banks to comply with the law.

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