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  • US Financial Stability Oversight Council Meeting, Tuesday, July 14, 2020

    Date 14/07/2020

    On Tuesday, July 14, Secretary Mnuchin presided over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department.

  • SEC Issues $3.8 Million Whistleblower Award

    Date 14/07/2020

    The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme.  The resulting enforcement action returned millions of dollars to harmed investors.

  • Statement By The IMF Managing Director On Ukraine

    Date 14/07/2020

    Ms. Kristalina Georgieva, the Managing Director of International Monetary Fund (IMF), made the following statement on Ukraine today:

    “I had an open discussion today with President Volodymyr Zelenskyy on concerns about the pressures being put on the National Bank of Ukraine (NBU).

    “The reform of the NBU and its performance over the past five years is a clear success story for Ukraine. An independent central bank helps macroeconomic stability, supports investors’ confidence, and protects the financial system—all crucial preconditions for investment and growth. The credible policy actions of the NBU have been instrumental in stabilizing the economy. The successful clean-up of the financial sector – which was ravaged by fraud – is also credit to the supervisory work of the NBU."

  • Navigating Monetary Policy Through The Fog Of COVID, Federal Reserve Governor Lael Brainard, At The Perspectives On The Pandemic Webinar Series, Hosted By The National Association For Business Economics, Washington, D.C. (Via Webcast)

    Date 14/07/2020

    The COVID-19 contraction is unprecedented in modern times for its severity and speed. Following the deepest plunge since the Great Depression, employment and activity rebounded faster and more sharply than anticipated. But the recent resurgence in COVID cases is a sober reminder that the pandemic remains the key driver of the economy's course. A thick fog of uncertainty still surrounds us, and downside risks predominate. The recovery is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge. Fiscal support will remain vital. Looking ahead, it likely will be appropriate to shift the focus of monetary policy from stabilization to accommodation by supporting a full recovery in employment and a sustained return of inflation to its 2 percent objective.

  • SEC Charges Wind Turbine Company And Individuals With Defrauding Investors

    Date 14/07/2020

    The Securities and Exchange Commission today announced charges against Thunderbird Power Corp., an Arizona-based company claiming to be developing a wind turbine technology, and three individuals for defrauding investors out of more than $1.9 million in the unregistered offer and sale of Thunderbird stock.

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