U.S. Department of the Treasury Releases New Report Showing State Small Business Credit Initiative Has Supported $3.1 Billion in New Financing for Small Businesses
November 25, 2024
The U.S. Department of the Treasury released a new report summarizing data from the State Small Business Credit Initiative (SSBCI) for the first two years of the program, from the first transaction on August 5, 2022 through December 31, 2023.
Treasury Hosts Third Annual Conference on the Work of the Committee on Foreign Investment in the United States
November 25, 2024
The Treasury Department hosted the third annual conference on the Committee on Foreign Investment in the United States (CFIUS) in Washington, DC.
Federal Reserve Board
Working Paper: The Global (Mis)Allocation of Capital
November 25, 2024
The Federal Reserve Board published a working paper entitled, "The Global (Mis)Allocation of Capital."
Working Paper: How Does Fiscal Policy affect the Transmission of Monetary Policy into Cross-border Bank Lending? Cross-country Evidence
November 25, 2024
The Federal Reserve Board published a working paper entitled, "How Does Fiscal Policy affect the Transmission of Monetary Policy into Cross-border Bank Lending? Cross-country Evidence."
Speech: Artificial Intelligence in the Financial System
November 22, 2024
Federal Reserve Board Governor Michelle W. Bowman gave a speech entitled, "Artificial Intelligence in the Financial System," at the 27th Annual Symposium on Building the Financial System of the 21st Century: An Agenda for Japan and the United States, Washington, D.C.
Federal Reserve Bank of New York
Statement on the Implementation of Modifications to the Secured Overnight Financing Rate (SOFR)
November 25, 2024
The Federal Reserve Bank of New York (New York Fed), as administrator of the Secured Overnight Financing Rate (SOFR), began publishing SOFR with two modifications to its calculation methodology.
The Federal Reserve Bank of New York published a Liberty Street Economics blog post entitled, "Why Do Banks Fail? Bank Runs Versus Solvency."
Securities and Exchange Commission
Statement on Fixed Income Clearing Corporation Rules
November 25, 2024
Securities and Exchange Commission Chair Gary Gensler issued a statement on fixed income clearing corporation rules.
Remarks at the Program on Corporate Compliance and Enforcement Annual Fall Conference
November 25, 2024
Securities and Exchange Commission's Division of Enforcement Acting Director Sanjay Wadhwa gave remarks at the Program on Corporate Compliance and Enforcement Annual Fall Conference.
Financial Crimes Enforcement Network
FinCEN Joins Public-Private Partnership to Combat Fraud and Scams Impacting Innocent Americans
November 25, 2024
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has joined a multi-sector national task force dedicated to the prevention of fraud and scams. The National Task Force on Fraud and Scam Prevention, convened by the Aspen Institute's Financial Security Program, brings together key stakeholders including the financial services sector, technology companies, consumer advocacy groups, information sharing and analysis centers, and federal government agencies to develop a comprehensive national strategy for combating fraud and scams.
Ginnie Mae announced the finalized term sheet for its Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) 2.0 program.
Bank of England Deputy Governor Clare Lombardelli gave a speech entitled, "Managing the present, shaping the future," at the Bank of England Watchers Conference.
Monetary Policy Committee Member Swati Dhingra gave a speech entitled, "Inflation dynamics," at the Bank of England Watchers Conference.
Financial Conduct Authority
FCA launches first research competition to help drive UK economic growth
November 25, 2024
The Financial Conduct Authority is launching its first competition to fund research into how regulation can support national growth.
U.S. Department of the Treasury - Scott Bessent (nominated November 22, 2024); Janet Yellen (effective January 26, 2021).
Federal Reserve Board - Jerome H. Powell (effective May 23, 2022)
Federal Reserve Bank of New York - John C. Williams (effective June 18, 2018)
Federal Reserve Bank of Boston - Susan M. Collins (effective July 1, 2022)
Federal Deposit Insurance Corporation - Martin Gruenberg (resigning effective January 19, 2025)
Office of the Comptroller of the Currency - Michael Hsu (acting Comptroller, effective May 10, 2021)
Securities and Exchange Commission - Gary Gensler (resigning January 20, 2025)
Commodity Futures Trading Commission - Rostin Behnam (effective December 17, 2021)
Consumer Financial Protection Bureau - Rohit Chopra (effective October 12, 2021)
National Credit Union Administration - Todd M. Harper (effective January 20, 2021)
Small Business Administration - Isabella Casillas Guzman (effective March 16, 2021)
U.S. Department of Housing and Urban Development - Scott Turner (nominated November 22, 2024)
Federal Housing Finance Agency - Sandra L. Thompson (effective June 22, 2022)
U.S. Department of Education - Linda McMahon (nominated November 19, 2024); Dr. Miguel Cardona (effective March 2, 2021)