[ad_1] “The Federal Reserve has issued extra supervisory findings and downgraded corporations’ supervisory scores at the next price previously 12 months [and] larger our issuance of enforcement movements,” stated Barr. “Those movements don’t constitute a transformation in coverage; they replicate the affect of the converting financial, rate of interest, and fiscal atmosphere on a financial […]
Fed’s Barr: One income pass over does no longer a banking disaster make
[ad_1] Michael Barr, vice chair for supervision on the Federal Reserve, mentioned Wednesday that he does no longer view contemporary turmoil in inventory valuations of a few regional banks as indicative of a broader banking disaster, noting that liquidity and balance within the banking machine is in “a lot better form” than it used to […]
New CRA rule will ‘stand the check of time’: Fed’s Barr
[ad_1] Michael Barr, vice chair for supervision on the Federal Reserve, mentioned Friday that he believes the general Group Reinvestment Act rule makes essential adjustments to the regulation’s implementation and can in the long run “stand the check of time.”Bloomberg Information Federal Reserve Vice Chair for Supervision Michael Barr mentioned Friday that the hot overhaul […]
Amid bills inventions, Fed’s Barr says previous methods want love too
[ad_1] Michael Barr, vice chair for supervision on the Federal Reserve, mentioned briefly remarks Friday that whilst there were necessary inventions in bills lately, analysis on extra conventional strategies like debit and coins are nonetheless warranted.Bloomberg Information The Federal Reserve’s best regulator says sooner bills networks and electronic currencies — each private and non-private — […]
Fed’s Barr frames capital reform as ultimate bankruptcy of Dodd-Frank
[ad_1] Federal Reserve vice chair for supervision Michael Barr stated Monday that fresh capital proposals are essential to finishing the paintings begun after the 2008 monetary disaster and passage of Dodd-Frank, and insisted that the ones enhancements are a long-term receive advantages to the banking machine.Bloomberg Information Federal Reserve Vice Chair for Supervision Michael Barr […]
Fed’s Barr warns of looming AI ‘palms race’ for cybersecurity
[ad_1] Federal Reserve Vice Chair for supervision Michael Barr stated all the way through a moderated dialogue Thursday that banks — specifically the biggest and maximum systemically dangerous banks — want to have tough cybersecurity contingency plans in position and warned that generative synthetic intelligence may just spur a brand new technology of cybersecurity threats.Bloomberg […]
Fed watchdog Michael Barr calls stablecoins chance for economic system
[ad_1] Federal Reserve’s Michael Barr highlights the hazards of unregulated stablecoins, emphasizing the desire for powerful federal oversight within the evolving virtual forex panorama. Michael Barr, the Federal Reserve’s main authority on banking oversight, has voiced powerful issues relating to stablecoins running out of doors the oversight of federal legislation. Whilst Federal Reserve officers have […]