“Final rule” aims to prevent mass unravelling of financial contracts should one major institution fail
Minutes showed that some officials expressed concern about the recent decline in U.S. inflation, even though unemployment has also continued to decline
U.S. regulator wants directors to focus on core responsibilities
French banking giant cited for “unsafe and unsound” practices in FX markets
The U.S. central bank has also unveiled plan to reduce bond holdings later this year
The bank was fined US$136.9 million for deficiencies in its oversight of FX traders and US$19.7-million fine for “gaps” in its compliance program for the Volcker Rule
Meanwhile, TD is among 13 firms that will still be subject to the qualitative evaluation of its capital planning
U.S. banking regulators adopt new rule
The two groups are focused on faster payments and enhanced payment system security
Proposed rule would ease stress testing requirements for firms with less complex operations