The Fed Board considers that Custodia's business model and proposed focus on crypto-assets presented "significant safety and soundness risks".
January 31, 2023Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.
December 13, 2022One governor said he disagrees with the premise that climate change poses a serious risk to large banks and US financial stability because stress tests show the banks are resilient.
December 6, 2022The agencies said the shortcoming raises questions about the bank's ability to produce accurate financial information during stress conditions and could undermine its resolution plan.
November 24, 2022In the test environment, wholesale CBDC transactions on a blockchain-enabled distributed ledger system settled in under 15 seconds on average.
November 5, 2022The participating banks are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.
October 3, 2022Citigroup has about 30,000 people working on improvements and is hiring rival bankers and former auditors to beef up its risk and compliance teams.
September 21, 2022Regulators have separately ordered the crypto brokerage to "immediately remove" false statements it made that suggested it was FDIC-insured.
August 8, 2022The Climate Data and Analytics Hub will enable financial regulators to use data from across the government to assess climate-related financial stability risks.
August 1, 2022The rules would implement a law enacted earlier this year that provides a uniform solution for replacing LIBOR references in contracts without adequate fallback provisions.
July 25, 2022