Global Financial Regulatory Blog

Tag Archives: Federal Reserve

OCC, FRB, and FDIC Finalize Joint Principles for Climate-Related Financial Risk Management

Guidance for the largest US financial institutions is intended to promote climate risk management consistent with general safety and soundness practices. By Sarah E. Fortt, Betty M. Huber, Arthur S. Long, Pia Naib, Karmpreet (Preeti) Grewal, Austin J. Pierce, and Deric Behar On October 30, 2023, the three US federal bank regulatory agencies — the … Continue Reading

FRB Governor Recommends Circumspect Approach to Bank Regulatory Reform

Governor Bowman calls for transparent supervisory expectations and attention to the consequences of regulatory reform on the broader financial system. By Arthur S. Long, Pia Naib, Ja Hyeon Park, and Deric Behar On June 25, 2023, US Federal Reserve Board (FRB) Governor Michelle W. Bowman gave a speech that outlined her views of the best … Continue Reading

White House Recommends Stricter Regulations for Large Regional Banks

President Biden is calling for tougher standards and supervision for large regional banks in the wake of recent instability in the US banking sector. By Arthur S. Long, Pia Naib, and Deric Behar On March 30, 2023, the White House issued a Fact Sheet calling on the federal banking agencies, the Federal Reserve Board (FRB), the … Continue Reading

Federal Reserve Establishes Bank Term Funding Program to Stabilize Financial System

The decisive action will mitigate emerging liquidity and solvency risks, contain pressure on the banking system, and protect depositors. By Arthur S. Long, Pia Naib, and Deric Behar On March 12, 2023, the Board of Governors of the Federal Reserve System (Federal Reserve) took a unanimous emergency step to protect the safety and soundness of the … Continue Reading

Federal Reserve Recognizes Significance of Climate Risks on Financial Stability

The US prudential regulator is paying attention to climate risks, and will likely act to mitigate those risks if they threaten financial stability. By Alan W. Avery, Pia Naib, Deric Behar, and Kristina S. Wyatt In its November 2020 Financial Stability Report (the Report), the Board of Governors of the Federal Reserve System (Federal Reserve) … Continue Reading

Federal Reserve Provides Additional Resources for Financial Markets Participants

Further economic measures provide support for small and mid-sized businesses, as well as state and local economies facing pandemic hardships. By Alan W. Avery, Pia Naib, and Deric Behar The Federal Reserve, in its continuing efforts to safeguard financial markets, provide stability to the financial system, and support the flow of credit in the economy, … Continue Reading

FAQs: Federal Reserve’s Main Street Lending Facilities for Small and Mid-Sized Businesses

Federal Reserve set to make up to $600 billion available to eligible small and mid-sized businesses. By Alan W. Avery, Courtenay Myers Lima, and Pia Naib On April 9, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) announced details regarding the terms and conditions of two Main Street lending facilities to … Continue Reading

US Federal Banking Agencies Introduce Further Measures to Address Continuing COVID-19-Related Risks

The three US federal banking agencies continue to take additional steps to promote the functioning of the financial system in the face of the pandemic. By Alan W. Avery, Pia Naib, and Deric Behar The three US federal banking agencies — the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit … Continue Reading

Federal Reserve to Establish a Facility to Facilitate Lending to Small Businesses Pursuant to the SBA’s Paycheck Protection Program

The facility is expected to increase funding and liquidity for the program and should allow lenders to move PPP loans off their balance sheets. By Alan W. Avery and Pia Naib On April 6, 2020, the Federal Reserve announced its intention to facilitate lending to small businesses that receive a loan pursuant to the Small … Continue Reading

US Federal Banking Agencies Introduce Additional Measures to Address COVID-19-Related Risks

The three US federal banking agencies have taken additional steps to enable the financial system to continue functioning during the pandemic. By Alan W. Avery and Pia Naib The three US federal banking agencies — the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office … Continue Reading

US Federal Banking Agencies Introduce Measures to Protect US Financial System Against COVID-19-Related Risks and Assist Consumers Affected by COVID-19

The three US federal banking agencies have taken steps to enable the financial system to continue functioning during the pandemic. By Alan W. Avery and Pia Naib During the course of this week, the three US federal banking agencies — the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance … Continue Reading
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