IMF Calls for Open-End Fund Swing Pricing
Fed Study: Climate-Risk Insurance Cross-Subsidies Pose Moral Hazard, Financial Risk
Using homeowners’ insurance as a proxy for climate-risk insurance, a Fed staff study finds that the decoupling of rates and risk raises moral hazard and causes policy-holders in lower-risk and less restrictively regulated states to subsidize those in riskier states, where rates have been outpaced by losses.
Yellen Highlights Need for Crypto Reg at Racial Equity Roundtable
At a Treasury roundtable on racial equity and economic inequality, Treasury Secretary Yellen today reiterated the importance of the cryptoasset standards recommended yesterday by the Financial Stability Oversight Council.
Fed Sets Supervisory Standards for a Non-Traditional IDI Parent
The Federal Register today includes the Federal Reserve’s final supervisory framework for DIHCs controlled by insurance companies.
Final FHLB Listening Session Brings System Praise, Resistance to Change
We will shortly provide clients with an in-depth report on the last session FHFA held today listening to dozens of views on the future of the Federal Home Loan Bank System.