Federal Reserve Board

242 results about this entity

Period: 17 Feb 2006 - 26 Jul 2024

/regulation

Fed adjusts daylight overdraft rules for foreign banking organisations

The Federal Reserve Board on Wednesday published a final rule implementing policy changes to procedures governing the provision of intraday credit to U.S. branches and agencies of foreign banking organizations (FBOs).

New York Fed launches fintech advisory group

The Federal Reserve Bank of New York has set up a fintech advisory group, bringing together expertise from the worlds of financial services, technology, academia and non-profits.

/security

Federal Reserve names members of fraud definitions working group

The Federal Reserve today announced the members of its Fraud Definitions Work Group, the latest initiative to advance the Federal Reserve's strategy for improving the U.S. payment system.

/security

New York Fed to help Bangladesh Bank in $81 million cybercrime suit

The New York Federal Reserve is to assist Bangladesh Bank in a legal challenge to recoup $81 million stolen in a massive cyber heist in 2016.

US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

US regulators push for new technology to tackle financial crime

US regulators have promised not to penalise banks that use artificial intelligence tools to spot gaps in existing anti-money laundering programmes, paving the way for the use of new technologies to tackle illicit financial activity.

/ai

Speech: Fed Reserve governor Brainard on what we are learning about AI in financial services

Although it is still early days, it is already evident that the application of artificial intelligence (AI) in financial services is potentially quite important and merits our attention.

/payments

Fed study finds rising noncash payments fraud

The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data.

/payments

Fed seeks feedback on plans for RTGS system for faster payments

The Federal Reserve Board is calling for public comment on its plans to build a real time gross settlement (RTGS) system that finally brings faster payments to America.

/regulation

US regulators suggests banks and credit unions share resources to fight financial crime

The federal depository institutions regulators and the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) today issued a statement to address instances in which certain banks and credit unions may decide to enter into collaborative arrangements to share resources to manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively.

Fed calls for feedback on adopting ISO 20022 for Fedwire Funds Service

The Federal Reserve Board on Thursday invited public comment on a proposal to adopt the ISO®20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format.

Fed governor: Digital tokens for financial settlement hold promise for central banks

Federal Reserve governor Lael Brainard believes special-purpose digital tokens for wholesale payments and some aspects of distributed ledger technology may hold promise for strengthening traditional financial instruments and markets.