Today news
About the same in other media
Fed extends remit to cover 'novel' technology-driven risks
Reading now: 640
finextra.comThe Fed says the goal of the 'novel activities supervision program' is to foster the benefits of financial innovation while addressing risks to ensure the safety and soundness of the banking system. The programme will take a deep dive into embedded and open banking partnerships where a non-bank serves as a provider of banking products by using APIs that provide automated access to the bank’s infrastructure.Activities such as crypto-asset custody, crypto-collateralized lending, facilitating crypto-asset trading, and engaging in stablecoin/dollar token issuance or distribution, will also come under the watchdog's gaze.
Read more on finextra.comAbout this in other media
Fed Chair Powell Leaves Door to Further Rate Hikes Open – Here is How Crypto Markets Reacted cryptonews.com /1 year ago
Fed Chair Powell calls inflation 'too high' and warns that 'we are prepared to raise rates further' cnbc.com /1 year ago
Higher Bond Yields Contribute to Bitcoin's Extended Losses cryptonews.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
