U.S. Top Financial Regulators: Michael S. Barr, Vice Chair For Supervision of the Federal Reserve; Martin J. Gruenberg, Chair of Federal Deposit Insurance Corporation; Todd M. Harper, Chair of National Credit Union Administration; Michael J. Hsu, Acting Comptroller of the Office of the Comptroller of the Currency; Adrienne A. Harris, Superintendent of the New York State Department of Financial Services; and Clothilde V….

U.S. Top Financial Regulators: Michael S. Barr, Vice Chair For Supervision of the Federal Reserve; Martin J. Gruenberg, Chair of Federal Deposit Insurance Corporation; Todd M. Harper, Chair of National Credit Union Administration; Michael J. Hsu, Acting Comptroller of the Office of the Comptroller of the Currency; Adrienne A. Harris, Superintendent of the New York State Department of Financial Services; and Clothilde V….

Commentary Schools, travel plans, and work schedules aren’t the only things that need to return to normal after almost three years of COVID disruptions. Marriage needs to get back on track too. Canadian marriages hit a historic low in 2020, with 33 percent fewer marriages registered compared to the previous year. You could call it…

Commentary  If you follow the markets, you have probably heard about the recent financial carnage in Great Britain and the forecasted doom in the United States. While the United Kingdom is a smaller country than the United States, generally speaking the United Kingdom has one of the most profound financial systems in the developed world….

The International Monetary Fund (IMF) has warned of a disorderly repricing in markets, saying global financial stability risks have increased “substantially” amid heightened volatility, greater uncertainty, and a series of “cascading shocks.” “With conditions worsening in recent weeks, key gauges of systemic risk—such as higher dollar funding costs and counterparty spreads—have risen,” said Tobias Adrian,…

The Financial Stability Oversight Council (FSOC) issued a report on digital assets like cryptocurrencies, warning about the dangers posed by such instruments. “Crypto-asset activities could pose risks to the stability of the U.S. financial system and emphasizes the importance of appropriate regulation, including enforcement of existing laws. It is vital that government stakeholders collectively work…

The Reserve Bank of Australia (RBA) has articulated its concern over the fast-growing household debt amid the booming property market, warning that it poses potential risks to financial stability, and the regulator will intervene when necessary. In an online speech ahead of its biannual Financial Stability Review, RBA assistant governor Michelle Bullock said that the…

Australia’s major banks are forecasting the nation’s property boom to continue under the auspices of strong economic rebound and ultra-low interest rates. The accelerating post-COVID-19 price rise is largely driven by owner-occupier purchasers and reflects supply lagging behind the shifting demand. The CEOs of four major banks all signalled an optimistic outlook on the house…

Commentary Shortly before her nomination as Treasury secretary in the Biden administration, Janet Yellen appeared on a Bloomberg New Economy panel discussing the role of central banks as the world struggles to emerge from the COVID-19 pandemic. The panel revealed a sharp difference of opinion between Yellen and one of her predecessors—Larry Summers, President Bill Clinton’s second…