Policy & Regulation

WASHINGTON — The Department of Homeland Security and the Department of Justice on Tuesday released guidelines for the implementation of the Cybersecurity Information Sharing Act, prompting some industry skepticism as well as renewed privacy concerns.

The burgeoning industry has been hoping the Supreme Court would overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.

Lawmakers' move to cap the Federal Reserve's capital surplus to help pay for highway improvements made the central bank one of the least capitalized financial institutions in the country.

In what could be seen as a Nixon-to-China moment, Minneapolis Fed President Neel Kashkari, a former Goldman Sachs executive and one of the architects of Treasury's bailout of the largest banks, said that breaking up the big banks and turning them into public utilities may be the only way to solve "too big to fail."

Federal Reserve Bank of Minneapolis President Neel Kashkari said Congress hasn't gone far enough to protect the U.S. economy from potential crises and unveiled plans to study options for regulators that include breaking up the nation's largest financial institutions.

Lawmakers opted for broadening the focus and makeup of the Financial Stability Oversight Council, but a more focused systemic risk regulator would have had a better chance of success.

The Chicago, Des Moines and Cincinnati FHLBs have grown their life insurance company membership the most in recent years.

While the energy sector and regions that rely heavily on oil and gas production have been hit hard by the glut in the global oil supply and the closure of drilling rigs across the country, the probability of widespread bank failures as a result appears to be remote.

Large banks are not buying preferential treatment by contributing to her campaign, Hillary Clinton insisted again on Thursday, attempting to rebut charges leveled at her by Sen. Bernie Sanders.

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