Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks December 10, 2024 By Katanga Johnson The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary...
US Regulators Add Artificial Intelligence to Potential Financial System Risks December 15, 2023 By Pete Schroeder Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not...
Yellen Says Extreme Weather Exposes Gaps in Insurance Protection August 1, 2023 By Christopher Condon Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans...
Rhode Island Regulator Dwyer Named to Financial Stability Oversight Council April 1, 2022 The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, superintendent of Banking and Insurance...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
Top Regulators’ Roadmap Addresses Climate Change as Threat to U.S. Financial Stability October 22, 2021 By Pete Schroeder Climate change is an “emerging threat” to U.S. financial stability that regulators should address in their everyday work, a top...
Treasury Secretary Yellen Says ‘Systemic’ Tag May Not be Right for Asset Managers March 25, 2021 By Saqib Iqbal Ahmed and Kate Duguid Treasury Secretary Janet Yellen said on Wednesday it is important to “look carefully” at systemic risks posed by asset managers,...
U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Financial System August 23, 2019 By Pete Schroeder Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big...
Treasury Erases ‘Too-Big-to-Fail’ Label on Prudential October 18, 2018 By Andrew G. Simpson The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that...
U.S. Regulator Pulls Back from MetLife’s ‘Too-Big-to-Fail’ Designation January 19, 2018 By Pete Schroeder The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the...