Fed Treasury-Market Analysis Targets Mutual Funds, Leveraged Hedge Funds
As previously noted, Vice Chairman Quarles has prioritized review of the U.S. Treasury market’s structure as among his top post-crisis priorities.
Central Bank Calls for NBFI Regulation Intensify
Joining many other central bankers, Bank of Italy Governor Ignazio Visco today argued that progress must be made to reinforce the NBFI macroprudential framework, especially for investment funds and insurers.
IMF Cites Growing Financial-Stability Risk
Renewing its call for a short-term ban on bank capital distribution, the IMF’s Global Financial Stability Report lays out the Fund’s fears that corporate liquidity pressures, especially at SMEs, may turn into solvency stress.
Sharp Decrease in Cross-Border Transaction Reporting Threshold Proposed
Taking a tough stand on transaction structuring and cryptocurrency, the FRB and FinCEN today proposed to lower the international-transaction data and reporting threshold from $3,000 to $250.
Democrats to Demand Bank Fossil-Fuel Divestiture
Signaling Democratic plans to force fossil-fuel divestiture in the next Congress, Senator Merkley (D-OR) has introduced two bills banning banking-organization holding in this sector and forcing the U.S. to oppose it at international financial institutions.