DAILY040224
Bowman Attacks “Regulation by Application”
FRB Governor Bowman today expressed concerns about the regulatory agencies’ evolving approach to M&A, stating that pending reforms may exacerbate existing procedural problems such as long delays and regulatory uncertainty that may undermine the viability of banks.
OFR Examines Stress-Event LCR
The OFR today published a brief examining the performance of components of the LCR on U.S. GSIBs in response to the COVID-19 shock.
FRB-PHL: Majority of Consumers Receptive to CBDC
The Federal Reserve Bank of Philadelphia today released a report on CBDCs, finding that a majority of consumers were generally receptive to a U.S. CBDC despite obstacles to widespread CBDC consumer adoption.