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Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season.
October 10 -
Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.
September 25 -
Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.
September 24 -
A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.
August 12 -
The Treasury Secretary says Facebook’s cryptocurrency plan creates national security issues; the New York Fed chief tells financial firms to stop dragging their feet and move on from Libor.
July 16 -
President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015
July 12 -
Banks shouldn’t have trouble this year, but the rules may change next year; U.S. authorities are probing possible AML compliance violations at the German bank.
June 20 -
The banking industry isn’t prepared to transition away from a key financial benchmark in 2021, and steps need to be taken now to avoid market disruptions.
June 4Structured Finance Industry Group - LIBOR
Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."
June 3 -
New president suggests less regulation and meets with bank leaders; state and city check for illegal lending activity.
May 21