Banking
Ex-Fed vice-chair Quarles linked to bank seeking master account
Quarles’s involvement recalls controversy over Sarah Bloom Raskin
Two major lenders tighten limits on Russian transactions
Raiffeisen stops euro payments to Russia, and Bank of China stops yuan payments from Russia
Barr to review bank oversight, promising nimbler supervision
Fed vice-chair suggests “reverse stress tests” to measure what would break banks
IMF considering Liechtenstein application
European microstate could become 191st member of fund
OCC will target ‘persistent weaknesses’ in US banks
Updated guidance introduces tougher approach to non-compliant banks
Fed’s Bowman defends regulatory ‘tailoring’
Governor calls for independent review of SVB collapse, dismissing Barr report
Fed report admits errors in SVB oversight
Report takes aim at regulatory easing during Trump era
US regulators fine Wells Fargo for aiding sanctions-busting
Fed and Treasury say bank failed to halt client channelling funds to Iran, Syria and Sudan
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
US lender tied to FTX goes into liquidation
Federal government investigating California bank linked to failed crypto exchange
Fed spurns Custodia a second time
Central bank again denies membership application from Wyoming crypto firm
Panama president sends crypto law to supreme court
Measure to create legal framework for crypto has twice passed legislature
Bank of Jamaica to regulate non-bank sector after fraud scandal
Central bank takes over from commission after alleged crime that targeted Usain Bolt
Law change set to make Fed reveal holders of master accounts
Amendment grew out of dispute between Republican senators and Kansas City Fed
Hsu says US needs proper regulation of bank-fintech alliances
Policy-makers focus too much on crypto, says comptroller
Haitian banks suspend operations
Banks close as Caribbean country is rocked by fuel protests and inflation hits 10-year high
Ecuador government will not recognise new superintendent of banks
Legislature and government clash as courts disagree on legality of appointment process
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Endlessly interim? The struggle to appoint top US regulators
Two-year OCC vacancy is not that unusual in US system, but it may hamper initiative
Two US regulators fine Bank of America $225m
Country’s second-largest bank unlawfully blocked access to unemployment benefits
Central African Republic launches crypto asset
Regional central bank reaffirmed ban on cryptocurrency after CAR made bitcoin legal tender
Iran imposes restrictions on payments
Authorities cite risk of cyber attacks, but economy has also faced capital flight
IMF warns Iceland over bank privatisation and housing market
Some bank investors have conflicts of interest and housing market is overheating – report
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account