Treasury Secretary Scott Bessent reportedly said Thursday (March 6) that his department will work to see that financial regulators focus on material financial risks. Speaking at The Economic Club of New York, Bessent also addressed media reports that the Trump administration is considering consolidating the...
The crypto market is running red hot as 2025 approaches. Bitcoin’s price last Thursday (Dec. 5) exceeded $100,000 for the first time. As of Wednesday (Dec. 11), the price of the digital asset remains above the $100,000 threshold. The achievement reflects more than just speculative...
Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the U.S. Financial Stability Oversight Council (FSOC) took care to illustrate the risks, as well as the potential benefits, of both...
The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated entities’ third-party service providers. The FSOC said these relevant agencies include the Federal Housing Finance Agency...
December 11, 2024
Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the U.S. Financial Stability Oversight Council (FSOC) took care to illustrate the risks, as well as the potential benefits, of both sectors as they relate to the traditional banking landscape. The […]
October 02, 2024
The private credit market is booming — and has the potential to reshape lending, and risk, too, in financial services. Generally and conceptually speaking, the private lending market, estimated by...
January 10, 2024
Frameworks come, frameworks go — and frameworks are fluid. To that end, in a hearing scheduled for Wednesday afternoon (Jan. 10) before the Subcommittee on Digital Assets, Financial Technology and...
March 20, 2023
Amias Gerety, partner at FinTech VC firm QED Investors, watched the collapse of Silicon Valley Bank just like the rest of us. His assessment of what really happened, and where...
March 24, 2025
The Treasury Department is reportedly drafting recommendations that would streamline other banking regulators and give the department more control over them. Treasury began drafting these regulations after concluding that the regulators — the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — probably cannot be merged without congressional approval, Semafor […]
March 06, 2025
Treasury Secretary Scott Bessent reportedly said Thursday (March 6) that his department will work to see that financial regulators focus on material financial risks. Speaking at The Economic Club of...
December 06, 2024
The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they need to oversee their regulated...
June 05, 2024
Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is already used in the financial...
