FEDS Note: Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset
Colin WeissIn 2025, world international reserves held in gold surpassed foreign official holdings of U.S. Treasury securities (figure 1), a fact drawing attention from media and policymakers (Nangle,
Minutes of the Federal Open Market Committee, July 28–29, 2026
Minutes of the Federal Open Market Committee, July 28–29, 2026
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New Yor
Federal Reserve Board announces approval of application by National Westminster Bank Plc
Federal Reserve Board announces approval of application by National Westminster Bank Plc
Federal Reserve Board announces approval of the application by Coastal Bend Bancshares, Inc.
Federal Reserve Board announces approval of the application by Coastal Bend Bancshares, Inc.
FEDS Note: The Price of Bank Funding Behind Private Credit: Evidence from Business Development Companies
Sharjil Haque and Jessie Jiaxu WangPrivate credit is often described as credit provided outside the banking system. In many cases, this description is accurate: private credit lenders originate loans
FEDS Note: Private Credit and Leveraged Loan Markets: Similarities, Differences, and Substitution
Ayelen Banegas, Sophia Castelo, Ahmet Degerli, Christine Dobridge, and Will Kennedy
FEDS Note: Repo Markets and the Fed’s Balance Sheet: Implications for Monetary Policy Implementation
Sriya Anbil, Alyssa Anderson, Lucy Cordes, and Romina RuprechtAs the Federal Reserve (Fed) navigates periods of balance sheet expansion and reduction, it has become increasingly important to understan
FEDS Note: A Decade of U.S. Cross-Border Payments Efforts
Elena FalcettoniOne of the goals of the Federal Reserve has always been the promotion of a safe and efficient payments system, and it consistently fosters such an environment by playing multiple, simu
Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico
Federal Reserve Board issues enforcement action with former employee of Banco Popular de Puerto Rico
Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.
Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.
Federal Reserve Board requests comment on a proposal to modernize rules for mutual banking organizations
Federal Reserve Board requests comment on a proposal to modernize rules for mutual banking organizations
CEO banned for false and misleading statements made in attempt to buy bank and football club
Paul Taylor, former CEO of Blue Horizon Asset Management (BHAM) has been fined £489,000 and banned from working in financial services by the FCA.
The former managing director of the firm, Esmeralda T
FEDS Note: Monetary Policy Stance and Commodity Cycles in Emerging Economies
Oscar Monterroso and Diego VilánEmerging market economies, particularly those that depend heavily on commodity exports, have long been characterized by more volatile and disruptive business-cycle dyna
FEDS Note: The AI Buildout and the Economy: Publicly Available Data to Assess AI's Impact
Paul E. Soto, Mason Thieu, and Jeffrey S. AllenThis note presents publicly available indicators that can help researchers and policymakers track the evolution of the generative AI buildout and its pot
FEDS Note: Examining the Sensitivity of Regional Banks to Macroeconomic Shocks
Faith Achugamonu, Elena Afanasyeva, Tim Schmidt-Eisenlohr, and Matthew P. SeayFollowing the Global Financial Crisis (GFC), banking supervision and regulation became more stringent for largest banks, p
FCA boosts support for innovative firms as they scale and grow
Five fast-growing firms have joined the FCA’s Scale-up Unit, receiving tailored support to help them innovate, navigate regulation and grow sustainably.
ClearScore, Modulr, Teya, Urban Jungle and Zil
T+1 Settlement: are firms ready for 2027?
Why T+1 matters and what we’ve been doing so farThe UK’s move to a T+1 securities settlement cycle on 11 October 2027 is a fundamental shift in how securities transactions are settled.To prepare, mark
Unregulated loan notes and mini-bonds: don't risk your savings on promises of high returns
These high-risk investments should not usually be advertised widely to the public.
We banned the marketing of speculative mini-bonds and loan notes to ordinary retail investors from 1 January 2021.We
FCA urges young adults to check for unclaimed Child Trust Funds
Thousands of young adults could be sitting on a forgotten pot of savings as they head back to college and university.
As students return to college and university this month, the FCA is urging young
Making compliance simpler: opening up the FCA Handbook through our new API
Firms tell us that complying with our requirements can be a burden. They have to keep up with changes, understand what we expect and embed new practices across multiple systems and teams. All of this
FCA applying increased scrutiny to Annex 1 firms
We are concerned about a number of risks among unregulated lenders, safe custody providers, money brokers and financial leasing companies (Annex 1 firms).
Firms including unregulated lenders, safe cu
Federal Reserve Board issues enforcement action with Iuka Bancshares, Inc. and The Iuka State Bank
Federal Reserve Board issues enforcement action with Iuka Bancshares, Inc. and The Iuka State Bank
Agencies seek comment on proposed third-party risk management guidance and issue statement on community bank engagement with core service providers
Agencies seek comment on proposed third-party risk management guidance and issue statement on community bank engagement with core service providers
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
Federal Reserve issues FOMC statement
Federal Reserve issues FOMC statement
FEDS Note: Vietnam's Export Boom to the U.S.: The Role of Chinese Firms
Chris A. Avalos, Trang Hoang, and Eva Van LeemputIn recent years, Vietnam has attracted considerable attention as a potential major beneficiary of the 2018-19 U.S.-China tariff increases, reflecting s
FEDS Note: Liquidity Transformation Risks in U.S. Bank Loan and High-Yield Mutual Funds: A 2026 Update
Kenechukwu Anadu, Sean Baker, Fang Cai, Logan George, and Erik LarssonMutual funds (MFs) and other open-ended collective investment funds engage in liquidity transformation—they offer investors daily
FEDS Note: Technology Shocks, the AI Boom, and the U.S. Current Account
Giuseppe Fiori, Colleen Lipa, and Erik NuenninghoffThe current artificial intelligence (AI) investment boom in the United States provides a powerful boost to imports of high-technology capital goods.
FEDS Note: Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar
Ricardo Correa, Linda Goldberg, Ritt Keerati, Juan M. Londono, and Fabiola RavazzoloThe U.S. dollar continues to occupy a central role in the global economy. It remains the most widely used currency i
Consumers warned to beware of risky mini-bonds and loan notes
The FCA is warning consumers about the risks of investing in loan notes and mini-bonds issued by unregulated companies, after continuing to see people lose money in these high-risk investments.
The r
EGR Wealth Limited enters administration
On 24 August 2026, EGR Wealth Limited (EGR Wealth) entered administration. Robert Goodhew and Geoff Bouchier of Kroll Advisory Limited were appointed joint administrators.
The joint administrators ar
FCA bans trio behind £35.5m scheme designed to bypass visa rules
The FCA has decided to ban 3 former senior figures at Dolfin Financial (UK) Limited (Dolfin) after finding they ran a scheme that helped clients bypass UK visa rules.
Former chief executive Denisz Na
FCA expands global presence with new attachés in India and UAE
The FCA has announced Sabina Saini and Darine Obeid as the financial services attachés for India and the UAE.
Sabina will be based at the British Deputy High Commission in Mumbai and Darine will be b
FCA bans senior manager for lack of honesty and integrity
The FCA has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity.
Mr Duckett was a senior manager at Beauforce Corporation Limited, a debt ma
FCA fines and bans former SVS Securities CEO
The FCA has banned Demetrios Hadjigeorgiou from working in senior management positions in financial services and fined him £56,400.
Mr Hadjigeorgiou was the former director and chief executive office
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
Nvidia and Google Launch Alliance to Make AI Data Centers Use Less Power
TLDR Nvidia, Google, and Emerald AI launched the AI Energy Management Alliance (AEMA) on Wednesday AEMA aims to create AI data centers that can shift or reduce power use based on grid conditions Flexi
British-American writer Bonnie Greer dies aged 77
Chicago-born playwright Bonnie Greer, who became a familiar face in British political discourse later in life, has died. Her husband David Hutchins announced news of Greer's death.
FEDS Note: Repo Markets and the Fed’s Balance Sheet: Implications for Monetary Policy Implementation
Sriya Anbil, Alyssa Anderson, Lucy Cordes, and Romina RuprechtAs the Federal Reserve (Fed) navigates periods of balance sheet expansion and reduction, it has become increasingly important to understan
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New Yor
Federal Reserve Board announces approval of application by National Westminster Bank Plc
Federal Reserve Board announces approval of application by National Westminster Bank Plc
Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
Minutes of the Board's discount rate meetings on July 20 and July 29, 2026
Young investors trust AI more than TV or celebrities
Four in 5 less experienced investors have used AI for help with investing – and around two-thirds report doing so occasionally or regularly.
New research focused on 18- to 40-year-olds who own or are
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
FEDS Note: Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset
Colin WeissIn 2025, world international reserves held in gold surpassed foreign official holdings of U.S. Treasury securities (figure 1), a fact drawing attention from media and policymakers (Nangle,
Making compliance simpler: opening up the FCA Handbook through our new API
Firms tell us that complying with our requirements can be a burden. They have to keep up with changes, understand what we expect and embed new practices across multiple systems and teams. All of this
FCA bans senior manager for lack of honesty and integrity
The FCA has banned Howard Roland Duckett from working in financial services due to a serious lack of honesty and integrity.
Mr Duckett was a senior manager at Beauforce Corporation Limited, a debt ma