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ReutersReuters
Report finds 'culture of risk aversion' hindered oversight of SVB, Fed official says

Report finds 'culture of risk aversion' hindered oversight of SVB, Fed official says

By Pete Schroeder WASHINGTON, Sept 18 (Reuters) - A "culture of risk aversion" among examiners contributed to the collapse of Silicon Valley Bank rather than relaxed oversight, a top Federal Reserve official said on Friday in remarks flagging the initial findings of a review of the 2023 bank failure
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Federal Reserve Vice Chair Previews Further Stress Test Reforms Ahead of Finalization

Federal Reserve Vice Chair Previews Further Stress Test Reforms Ahead of Finalization

Federal Reserve Vice Chair Previews Further Stress Test Reforms Ahead of Finalization
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Financial Stability Board Outlines AI Risk Management Practices for Global Finance

Financial Stability Board Outlines AI Risk Management Practices for Global Finance

Financial Stability Board Outlines AI Risk Management Practices for Global Finance
ReutersReuters
Fed's Bowman says overhaul of bank stress test will make process more transparent

Fed's Bowman says overhaul of bank stress test will make process more transparent

By Pete Schroeder WASHINGTON, Sept 18 (Reuters) - The Federal Reserve's top regulatory official said on Friday the US central bank will soon finalize an overhaul of its "stress test" of big banks to make the process more transparent and the results more predictable for lenders, handing the industry
ReutersReuters
Fed's Bowman says changes to bank stress test coming soon

Fed's Bowman says changes to bank stress test coming soon

By Pete Schroeder WASHINGTON, Sept 18 (Reuters) - The Federal Reserve's top regulatory official said on Friday that an overhaul of the US central bank's "stress test" of big banks will make the process more transparent and the results more predictable for lenders, handing the industry long-sought
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FDIC and OCC Issue Joint Final Rule to Redefine 'Unsafe or Unsound Practice' for Bank Supervision

FDIC and OCC Issue Joint Final Rule to Redefine 'Unsafe or Unsound Practice' for Bank Supervision

FDIC and OCC Issue Joint Final Rule to Redefine 'Unsafe or Unsound Practice' for Bank Supervision
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Federal Banking Agencies Propose Stricter Third-Party Risk Management Framework for Financial Institutions

Federal Banking Agencies Propose Stricter Third-Party Risk Management Framework for Financial Institutions

Federal Banking Agencies Propose Stricter Third-Party Risk Management Framework for Financial Institutions
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BIS Research Highlights Dollar Stablecoins' Evasion of Capital Controls in Emerging Markets

BIS Research Highlights Dollar Stablecoins' Evasion of Capital Controls in Emerging Markets

BIS Research Highlights Dollar Stablecoins' Evasion of Capital Controls in Emerging Markets
ReutersReuters
Analysis-Fed builds credibility, but hawkish turn leaves investors edgy

Analysis-Fed builds credibility, but hawkish turn leaves investors edgy

By Lewis Krauskopf, Suzanne McGee and Gertrude Chavez-Dreyfuss NEW YORK, Sept 17 (Reuters) - Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty about how far it will raise interest rates to keep prices in check is likely to cause volatility
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LeaseRunner Analysis Reveals New Predictors for Rent Payment Behavior Beyond Traditional Credit Scores

LeaseRunner Analysis Reveals New Predictors for Rent Payment Behavior Beyond Traditional Credit Scores

LeaseRunner Analysis Reveals New Predictors for Rent Payment Behavior Beyond Traditional Credit Scores
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IMF Legal Department Celebrates 80th Anniversary with Focus on Mandate Guardianship in Washington, DC

IMF Legal Department Celebrates 80th Anniversary with Focus on Mandate Guardianship in Washington, DC

The International Monetary Fund's (IMF) Legal Department is set to commemorate its 80th anniversary with a conference in Washington, DC. To mark this significant milestone, José Enrique Cordero S. has published an article titled "The IMF Legal Department as Guardian of the Fund's Mandate." This article delves into the distinctive role of the Legal Department (LEG) within the IMF's institutional framework. It highlights how the LEG ensures that the Fund's evolving policies and activities consistently adhere to its Articles of Agreement and the rule of law. The article emphasizes that the LEG's guardianship function has been crucial in enabling the IMF to adapt over eight decades while remaining firmly rooted in its legal foundation. The department's responsibilities include interpreting and applying the Articles, supporting surveillance and financing operations, contributing to policy development, and assisting member countries in strengthening their legal and institutional frameworks. This celebration unde...
AP NewsAP News
Stocks give up early gains and fall after the Fed hikes interest rates; Dow loses 750 points

Stocks give up early gains and fall after the Fed hikes interest rates; Dow loses 750 points

U.S. stocks fell after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control