Gruenberg: End-Game Almost Done, Will Be Tough
In remarks today, FDIC Chair Gruenberg erased any of the doubt Chair Powell left yesterday as to the nature of the U.S. end-game capital rewrite (see Client Report FEDERALRESERVE74).
FSB Tackles Third-Party Risk
The FSB today issued a consultation on third-party vendor management, with comments due by August 22.
Senior Democrats Reintroduce Fed Racial Equity Measure
HFSC Ranking Member Waters (D-CA) and Senate Banking member Sen. Warren (D-MA) today reintroduced legislation that would create a new racial justice mission at the Fed.
Powell Announces Internal Endgame Draft, Defends FRB-SF
At a Senate Banking hearing today covering much of the territory discussed in yesterday’s HFSC hearing (see Client Report FEDERALRESERVE74), Chairman Powell noted that an endgame draft proposal has been circulated internally, he has been briefed on it and that all governors will have ample time to review it.