Updates

Federal Reserve Board Announces Its Denial of Two Rulemaking Petitions Due to Legal and Policy Considerations

May 17, 2024/US Federal Reserve The Federal Reserve Board on Friday announced its denial of two rulemaking petitions due to legal and policy considerations. The first petition asked the Board to develop a framework requiring Board-supervised firms to disclose promised financial commitments to certain corporate initiatives, and the second asked […]

IFC, Ecobank to Support Trade Finance in Seven African Countries

IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance operations and leverage ETI’s wide-spanning footprint in Africa May 17, 2024/Ecobank To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in […]

Brief Remarks on the Economy, Monetary Policy, and Bank Regulation

May 17, 2024/US Federal Reserve Governor Michelle W. Bowman I would like to thank the Pennsylvania Bankers Association for the invitation to join you today.1 I appreciate the opportunity to engage with you on matters that affect the banking industry. Before sharing my thoughts about the current bank regulatory environment, […]