News Centre

Commissioner Johnson To Deliver Remarks And Participate In Fireside Chat At The Inaugural DeFi Summit Hosted By S&P Global

Date 28/11/2023

Serving Indian Country With The Modernized Community Reinvestment Act, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The Modernized Community Reinvestment Act And Indian Country, The Federal Reserve Bank Of Minneapolis, Minneapolis, Minnesota (Virtual)

Date 28/11/2023

Good afternoon. I'm grateful for the opportunity to join you today as we discuss the updated Community Reinvestment Act regulations and what they mean for Indian Country

CFTC Chairman Behnam Announces CFTC Agricultural Advisory Committee To Meet December 14

Date 28/11/2023

Chairman Rostin Behnam, sponsor of the Agricultural Advisory Committee (AAC), announced the AAC will hold a public meeting on December 14 from 9:00 a.m. to 12:00 p.m. (EST) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option to attend virtually.

CFTC: The Market Risk Advisory Committee To Meet On December 11

Date 28/11/2023

The Market Risk Advisory Committee (MRAC) will hold a public meeting on Monday, December 11 from 9:30 a.m. to 12:30 p.m. (EST) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option of attending virtually. Commissioner Kristin N. Johnson is the sponsor of the MRAC.

SIX Swiss Exchange: Trading Venues Offering Alternative Execution Mechanisms Favoured In Low Liquidity Environment

Date 28/11/2023

According to the latest SIX Swiss Exchange Trader Survey, liquidity concerns among market participants emphasize the need for innovation by trading venues to offer a variety of execution mechanisms.

LTX By Broadridge Named First Runner Up In The 2023 Gartner® Eye On Innovation Awards - LTX’s Bondgpt Recognized For Innovation In Financial Services

Date 28/11/2023

Broadridge Financial Solutions, Inc. (NYSE:BR), has been named as the first runner up in the 2023 Gartner Eye on Innovation Awards for Financial Services in the Americas for LTX’s BondGPT application. The awards recognize financial services companies for their innovative use of technology to drive best-in-class initiatives. All submissions are assessed by Gartner, and finalists are selected by benchmarking against world-class performance standards across three regions: APAC, EMEA and the Americas. The awards spotlight cutting-edge initiatives among banks, insurers, investment firms, payment providers, and lenders from across the globe. Now in its 9th edition, the 2023 honorees were chosen from a record-breaking number of 400 nominations from more than 200 financial services institutions. Honorees were assessed by Gartner and a panel of industry judges, and finalists were selected by benchmarking against world-class performance standards across APAC, EMEA and the Americas.

BIS: Markups And The Asymmetric Pass-Through Of Cost Push Shocks

Date 28/11/2023

Focus

Many countries have witnessed a significant increase in corporate pricing power in recent decades. Against this background and following the post-Covid surge in inflation, there was hope that high markups could absorb some of the cost pressures. However, high markups could also contribute to inflation. Firms with a high degree of market power may find it easier to pass on cost increases to their customers. Likewise, firms charging high markups could retain some of the benefits of falling input costs.

BIS: Basel Committee Report On Implementing Principles For Effective Risk Data Aggregation And Reporting Shows Progress Made But Significant Work Still Remains

Date 28/11/2023

• Basel Committee issues progress report on banks' implementation of the BCBS 239 Principles for effective risk data aggregation and reporting.
• Nearly 10 years after the initial publication of BCBS 239, banks are at different stages in terms of aligning with the Principles. Additional work is required at all banks to attain or sustain full compliance.
• The recommendations to banks and supervisors that were highlighted in previous reports still apply and are complemented by additional recommendations.

Reflections On The Economy And Monetary Policy, Federal Reserve Governor Michelle W. Bowman, At The Utah Bankers Association And Salt Lake City Chamber Banker And Business Leader Breakfast, Salt Lake City, Utah

Date 28/11/2023

It is a pleasure to join you this morning in Salt Lake City for the Utah Banker and Business Leader Breakfast. I find great value in engaging with and learning from the experiences and perspectives of those who are directly engaged in the economy—businesses and consumers, and those who support economic activity by providing access to financial services through the broader financial system. These experiences help provide context for the economic and financial data that we rely upon for our economic analyses. I look forward to learning about how your businesses—and the clients and communities you serve—are navigating the current economic and financial conditions.

Something Appears To Be Giving, Federal Reserve Governor Christopher J. Waller, At The American Enterprise Institute, Washington, D.C.

Date 28/11/2023

Last month, I gave a speech entitled "Something's Got to Give."1 That message was prompted by the fact that we were observing strong economic growth and employment data in the third quarter, while simultaneously seeing a clear moderation in core personal consumption expenditures (PCE) inflation. While this was good news for employment growth, the pace of real economic activity seemed inconsistent with continued progress toward the Federal Open Market Committee's (FOMC) goal of 2 percent inflation. It seemed clear to me then that something had to give— for inflation to continue falling to our 2 percent target, the economy needed to slow from its torrid third-quarter pace. If it did not cool off, then it was likely that progress on inflation would stop or even reverse. So, what remained to be seen was whether the economy would cool or inflation would heat up.