The primary focus of post-crisis financial regulation has been to make large bank holding companies – that is, banks and their non-bank affiliates – more resilient and resolvable. The former… Continue Reading
March 12, 2019
March 12, 2019
Corporates See RTP Network as Innovative Platform for Improving Customer Experience
When it comes to understanding the real-time payments revolution now underway, corporate customers are a good gauge of what this new wave of payments innovation will offer to consumers and… Continue Reading
March 12, 2019
Northern Trust CEO O’Grady Discusses Emerging Technology
GREG BAER, BANK POLICY INSTITUTE: I would like to start with an overview of Northern Trust. Your main lines of business are corporate and institutional services and wealth management. Should… Continue Reading
March 12, 2019
Banks and the Next Recession
WHEN THE NEXT RECESSION COMES, how will banks and the wider economy be affected? This is a timely question, given fears in the financial markets that one of the longest… Continue Reading
March 12, 2019
Expectations and Economics of Financial Crises
The collapse of the investment bank Lehman Brothers on Sunday, September 14, 2008, caught almost everyone by surprise. It surprised investors, who dumped stocks and brought the market index down… Continue Reading
March 12, 2019
The CECL Approach
EFFECTIVE IN 2020 for Securities and Exchange Commission registrant banks (and 2022 for private banks), U.S. generally accepted accounting principles (GAAP) will require banks to accrue for credit losses on… Continue Reading
March 12, 2019
Balancing Banking Regulation to Deal with Risky Lending and Runs
THERE IS A SURPRISING DISCONNECT between the theory that we teach about financial intermediation and the ongoing debates about how financial institutions ought to be regulated. In this essay, we… Continue Reading
March 12, 2019
FRB and FDIC Cast a Critical Eye on Resolution Plans
ON DECEMBER 20, 2018, the Federal Reserve Board (FRB) and the Federal Deposit Insurance Corporation (FDIC; together with the FRB, the Agencies) released their determinations regarding the 2018 resolution plans… Continue Reading
March 12, 2019
FinTech and the New Financial Landscape
Editor’s Note: The opinions expressed in this paper are the authors’ own views and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal… Continue Reading