Michael S. Gibson, the director of banking supervision and regulation at the Federal Reserve, recently said that while regulators have made substantial progress in resolving systemically important financial firms, cross-border resolution remains an obstacle. Gibson said that while the U.S. … Read More…
The Federal Reserve told borrowers whose mortgages were serviced by Morgan Stanley and Goldman Sachs would receive additional payments under the Independent Foreclosure Review payment agreement after they received less than the promised amount in the last payment. Last year, … Read More…
The Federal Reserve decided on Wednesday to continue its $85 billion-per-month bond-buying program as part of an effort to keep interest rates low amid positive signs of economic recovery. Recent economic reports revealed improvement in the U.S. labor market, despite … Read More…
Nearly three years after the passage of the Dodd-Frank Act, federal regulators have not yet clarified their authority under Dodd-Frank to dismantle “too big to fail” institutions. “To date, the Fed and the FDIC have not judged a living will … Read More…
Federal Reserve Governor Jeremy C. Stein said during a Wednesday speech that while regulators have made significant progress in regard to fixing America’s “too big to fail” problem, much work remains. Stein said increased capital requirements, stress testing provisions and … Read More…
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