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Big European banks revealed by Fed as having weak US franchises

Simulations by the US Federal Reserve Board as part of its latest stress tests potentially sees European banks suffering the sharpest losses from the fallout of the Covid-19 pandemic. 

US negative interest rates would hurt banks, warns Goldman Sachs

With the US economy facing its worst crisis since the Great Depression, the US Federal Reserve has discussed imposing negative interest rates, a move Goldman Sachs says would damage the banking sector

FOMC reveals Fed worries about financial stability

Officials at the US Federal Reserve fear that the dramatic economic slump accompanied by the fastest pace of job losses in the country’s history due to measures to contain the Covid-19 pandemic could threaten financial stability. 

Temporary easier SLR requirements widened to other banks

US federal prudential regulators have widened temporary restrictions within the supplementary leverage ratio (SLR) to include more banks. 

China hits back at US bill that could delist Chinese companies

The US Senate has passed a bill that would force Chinese companies listed in the US to comply with national securities law. By Justin Pugsley.

FFIEC reminds banks over best practices for cloud computing

Security breaches involving cloud computing highlight the importance of sound security controls and  an understanding of shared responsibilities between cloud service providers and banks, the Federal Financial Institutions Examination Council (FFIEC) said in a statement. 

SEC whistleblower awards top $400m

Since its inception in 2012 as part of Dodd-Frank, the US Securities and Exchange Commission’s (SEC) whistleblower reward programme has paid out more than $400m as of April 16, 2020.   

SEC beefs up governance standards for critical market infrastructures

The US Securities and Exchange Commission (SEC) amended its rules for securities clearing agencies to apply enhanced standards to all SEC-registered central counterparties and central securities depositories.

LCR modified for banks participating in two Fed programmes

US federal prudential regulators have modified the liquidity coverage ratio (LCR) for banks participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.

Fed extends dates for parts of credit limit rule by 18 months

The US Federal Reserve has extended by 18 months initial compliance dates for parts of the single-counterparty credit limit rule.