Fed's Stress Tests Bolster Case for Easing Bank Rules
Continue Reading Below
The outcome gives ammunition to the Trump administration and congressional Republicans who see some of the rules put in place after the financial crisis as excessive.
Banks Pick New Reference Rate to Replace U.S. Dollar Libor
Efforts to replace Libor with a credible alternative have taken another step forward after 15 banks voted for a replacement of the U.S. dollar London interbank offered rate.
Consumer Bureau Criticized by Fellow Bank Regulator
Bank regulators rarely take public shots at each other, but the Consumer Financial Protection Bureau came under fire by an official who told senators the CFPB was doing a bad job of overseeing midsize banks, instead focusing on big banks, and should be stripped of its powers to supervise banks altogether.
Continue Reading Below
BOE's Forbes Sees Central Bankers Hindered by Their Higher Profile
Central bankers around the world have displayed a reluctance to raise interest rates that may be partly due to increased scrutiny that has made them overly sensitive to possible economic setbacks, a Bank of England rate setter said in her valedictory speech Thursday.
Trump Promises Telecom Executives Less Red Tape
President Donald Trump on Thursday told technology and telecom executives the government will tackle federal regulations they consider too restrictive but stopped short of announcing any specific policies aimed at their industries.
Mexico's Central Bank Lifts Rates
The Bank of Mexico lifted the overnight interest rate target by a quarter percentage point to 7%, the highest level since early 2009, and indicated that the tightening cycle that began in September has ended for now.
U.S. Regulators Propose a Lighter Touch for Banking Oversight
Banks would see an easing of trading restrictions, more transparency in stress tests and less burdensome capital requirements under rollbacks proposed by policy makers to Senate lawmakers Thursday.
Consumer Regulator Seeks to Ensure Student-Loan Break for Public Service Workers
A federal consumer regulator wants to make sure people who pursued careers in public service are receiving breaks they earned for forgiveness of student-loan debt.
First Test for Saudi Arabia's King-in-Waiting: Fixing the Economy
The economic reform plan championed by newly-designated Crown Prince Mohammed bin Salman has made little headway. The first heir to the throne now gets another chance.
EPA Releases Chemical Testing Rules
The Environmental Protection Agency released rules enabling the agency to prioritize the testing of certain chemicals used in consumer goods and other products while forgoing the testing of others, overturning more sweeping Obama-era procedures that the chemicals industry deemed overly burdensome.
(END) Dow Jones Newswires
June 22, 2017 21:16 ET (01:16 GMT)