#bank-regulation

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www.nytimes.com
1 month ago
New York City

Biden Will Choose a New Leader for Bank Regulator With Toxic' Culture

President Biden is planning to swiftly appoint a new leader for the FDIC following revelations of widespread harassment and abuse among senior managers. [ more ]
www.nytimes.com
4 months ago
US politics

Yellen Says Stable Financial System Is Key to U.S. Economic Strength

Treasury Secretary Janet Yellen emphasizes the need to safeguard the financial system from potential risks to preserve economic gains.
The Financial Stability Oversight Council, led by Yellen, is reviewing its methods of tracking and responding to risks.
Bank failures last year highlighted the need for better protection of customer deposits and stronger bank regulation. [ more ]
Coindesk
7 months ago
Cryptocurrency

Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says

Crypto firms acting like banks should be regulated like banks, according to the chair of the supervisory board at the ECB.
Supervising crypto companies is more challenging than overseeing banks due to the deterritorialization and lack of headquarters in the crypto sector. [ more ]
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