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Expanding Financial Inclusion, Federal Reserve Governor Michael S. Barr, At "Unleashing A Financially Inclusive Future," The Second Annual Financial Inclusion Conference Hosted By The Federal Reserve Board, Washington, D.C.
Date 15/07/2025
Thank you, Eric; thank you to the Fed staff who have organized this second annual financial inclusion conference; and thank you all for being here.
I have long believed that financial inclusion is a crucial component of a safe and fair financial system. Working to improve financial inclusion has been an important part of my career, starting in 1995 when I joined the Treasury Department and worked with colleagues to build Community Development Financial Institutions, strengthen the Community Reinvestment Act, and launch the New Markets initiative. At the University of Michigan, financial inclusion was key to programs I worked on to support minority entrepreneurship.
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Canadian Securities Administrators Consults On Proposed Process Refinements And Oversight For A Dispute Resolution Service For Investor Complaints
Date 15/07/2025
The Canadian Securities Administrators (CSA) has provided for comment more details on the proposed framework for an independent dispute resolution service with binding authority – anticipated to be the Ombudsman for Banking Services and Investments (OBSI). The consultation includes a proposed oversight model for OBSI and refinements on the review and decision stage of the dispute resolution process.
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CalPERS Announces New Pharmacy Benefits Contract With CVS Caremark To Foster Affordability And Improve Quality - New Agreement Aims To Address Rising Prescription Drug Costs While Improving Quality For CalPERS Members
Date 15/07/2025
CalPERS announced a new pharmacy benefits contract with CVS Caremark (CVS) today that is designed to address rising costs of prescriptions while ensuring access to safe and effective medications for members. The five-year contract includes new financial terms with CVS putting $250 million at-risk over the term of the contract for controlling drug costs and improving the health of CalPERS members.
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SET To Escalate Market Surveillance Measure On DV8 To Level 2, Additionally Implementing Net Settlement Prohibition And Auction Matching Method
Date 15/07/2025
The Stock Exchange of Thailand (SET) will escalate the market surveillance measure imposed on securities of DV8 pcl (DV8) from level 1 to level 2, from July 16, 2025 to August 5, 2025. In addition to restrictions currently imposed under Level 1, trading of DV8 securities will be limited to auction matching method during the specified period.
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CalPERS Announces Health Plan Premiums For 2026
Date 15/07/2025
The CalPERS Board of Administration approved health plan premiums for the calendar year 2026 today, with an overall weighted premium rate increase of 8.21%.
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Bank Of England: Minutes Of The London FXJSC Main Committee Meeting - 13 March 2025
Date 15/07/2025
The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC), which is a forum for discussion of the wholesale foreign exchange market. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.
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Tehran Securities Exchange Holds Annual General Assembly
Date 15/07/2025
Tehran Securities Exchange held its Annual General Assembly on July 15, 2025, during which financial results for the fiscal year ending March 20, 2025, were presented.
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Authority For Anti-Money Laundering And Countering The Financing Of Terrorism Expects High Standards Against Financial Crime In Crypto Sector
Date 15/07/2025
With the launch of its powers and responsibilities on 1 July 2025, AMLA expects firms engaging in crypto asset activities to have in place strong protections against money laundering and terrorist financing.
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ESAs Publish A Guide On DORA Oversight Activities
Date 15/07/2025
The European Supervisory Authorities (EBA, EIOPA, ESMA – the ESAs) today published a guide on oversight activities under the Digital Operational Resilience Act (DORA). The aim of this guide is to provide an overview of the processes used by the ESAs through the Joint Examination Teams (JET) to oversee critical Information and communication technology (ICT) third party service providers (CTPPs).
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Welcoming Remarks, Federal Reserve Vice Chair For Supervision Michelle W. Bowman, At "Unleashing A Financially Inclusive Future," The Second Annual Financial Inclusion Conference Hosted By The Federal Reserve Board, Washington, D.C. (Via Prerecorded Video)
Date 15/07/2025
Good morning. I'm very pleased to welcome you to the second annual Financial Inclusion Conference hosted by the Federal Reserve Board.1 Last year, at our inaugural event, I underscored that financial inclusion is essential for creating an economy that works for everyone, with innovation in the financial sector playing an important role.