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Large banks should be doing more to account for the counterparty risks posed by hedge funds and other nonbanks, Federal Reserve Vice Chair for Supervision Michael Barr said.
Details: Speaking in New York, Barr cited the growth of the hedge fund industry to roughly $9 trillion in assets and said the Fed will use its tools to assess counterparty credit risk. For instance, the Fed will publish the aggregate results of several exploratory analyses alongside this year's stress test results, he said.
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As ICBA Bancard transitions to ICBA Payments, reflecting on our past will help to fuel our future success. While our name has changed, the goal of serving community banks has remained a constant since ICBA’s payments subsidiary’s inception in 1985.
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Today’s dynamic payments landscape comes with its own set of challenges and opportunities. From deploying instant payments to enhancing the customer experience to competing with Bigtech, community banks face complex decisions about priorities amidst current fiscal realities.
ImageFeb 27, 2024
ICBA is urging community bankers to both call and write their members of Congress today on the pending farm bill using ICBA’s newest grassroots advocacy materials.
ImageFeb 27, 2024
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