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RANDAL QUARLES
View: The crypto revolution will not be publicOne vision is that governments and central banks will run these systems, making governments and central banks far more important in finance...
Fed's Randal Quarles seeks global coordination on climate-related financial riskRandal Quarles, who is also the Federal Reserve's Vice Chair for Supervision, also called for an international effort to develop comprehens...
Quarles says proposals for Fed digital currency must clear high barThe Fed official said the US central bank should study the pros and cons of potentially creating an official digital currency, a process th...
Gold inches lower on firm dollar, Fed hawkish stanceGold is seen as a hedge against inflation, though a rate hike by the Fed will increase the opportunity cost of holding bullion and dull its...
US regulators urge financial firms to quickly ditch Libor rate benchmarksFederal Reserve Vice Chair Randal Quarles emphasized there is "no path forward" for Libor, which is being scrapped after numerous banks wer...
US yields gain on report of Biden's $6 trillion budgetBond dealers tend to sell Treasuries ahead of an auction to push yields higher so they can buy them at a lower price in a move called suppl...
Top Cryptocurrency Prices Today: Bitcoin, Dogecoin and others retreatBitcoin is still down about 30 per cent so far this month while rival cryptocurrency Ether is about 42 per cent below its record. However, ...
Fed, OCC, FDIC in 'sprint' on regulation for crypto, Quarles says"We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on exactly that...
Biden’s Fed choices add uncertainty for inflation-wary investorsChair Jerome Powell and vice chairs Richard Clarida and Randal Quarles could all potentially be replaced in the coming year, depending on h...
Get your COVID relief exit plan ready, regulator tells the G20The FSB, which coordinates financial rules for the G20 group of rich nations, said the speedy, sizeable and sweeping measures introduced by...
Fed eyes trouble in commercial real estate, corporate debt in 2021 stress testsThe scenarios also envision a global recession where US unemployment jumps to 10.75%, economic growth falls by 4%, and the stock market she...
Global regulators eye 'actions' to ease capital burden on banksBanks complain of having to "ring fence" large amounts of capital and liquidity at every foreign branch because local regulators don't trus...
Global financial system still at risk of liquidity stress, market shocks: FSBThe FSB published a report that assessed COVID-related financial stability developments and outlines necessary response measures.
US Fed risks more Trump anger with rates on holdAfter raising rates four times in 2018, the Fed has reduced them this year.
The Federal Reserve will be a new creature soonThe seven board members are part of the policy-setting 12-member FOMC.
Fed Vice Chair Fischer resigns, gives Trump room to rejigHe will participate at the Federal Open Market Committee's meeting later this month.
- US readies capital injection for banks
The Obama administration plans to use capital injections as an incentive to get US banks to sell distressed securities to investors.