Treasury Department

Senate Democrats demand more GSE reform details from FHFA

12/17/19

The lawmakers say they need more information about the administration’s plans in order to conduct proper oversight.

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Repo blowup was fueled by big banks and hedge funds, BIS Says

12/09/19

The market was upended because the largest banks hold more liquid assets in Treasuries than at the Fed, limiting their ability to supply repo funding on short notice, according to a new analysis from the Bank for International Settlements.

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Congress may need to step in on Libor switch, Mnuchin warns

12/05/19

The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.

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Regulators issue warning on growth of nonbank mortgage sector

12/04/19

A report from the Financial Stability Oversight Council cited a bigger share of originations and servicing by nonbanks as a potential vulnerability in the financial system.

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Dems' new tack on gun control: Make banks police sales

11/21/19

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

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Fed's Powell says revamp of capital, liquidity rules not under consideration

10/30/19

Federal Reserve Chairman Jerome Powell said Wednesday that he does not think revamping capital or liquidity requirements is necessary despite recent volatility in the repurchase markets.

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Trump administration wants Supreme Court to back GSE profit sweep

10/30/19

A lower court “erred” when it sided with Fannie Mae and Freddie Mac’s investors, the Justice Department said in its petition to the high court.

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Warren steps into repo turmoil, asks Mnuchin for answers

10/22/19

The Massachusetts senator and presidential candidate warned the Treasury secretary not to use the incident as a rationale for weakening regulations.

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Crypto firms can't skirt AML compliance: Fincen chief

10/21/19

Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.

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Fannie and Freddie get to keep their earnings. Now what?

10/04/19

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.

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