Safety & Soundness

Photo of the Euro sign outside of the European Central Bank on a snowy day

The European Central Bank has stepped up its scrutiny of how exposed euro-area lenders are to the fast-growing artificial intelligence industry, reflecting concerns that banks may be building credit risk in hard-to-track ways and that AI could reshape parts of the financial sector.

Fed Governor Bowman participated in a discussion on the view from the Federal Reserve at the Exchequer Club Luncheon in Washington, D.C. on February 21, 2024.

A group of six Senate Democrats is demanding that the Federal Reserve turn over information about the ongoing overhaul of its bank supervision division following reports of internal tension linked to staff cuts and the alleged sidelining of examiners.

A view of the headquarters of BIS and the Bank for International Settlements.

The Basel Committee on Banking Supervision is warning that a fast-growing market for banks to offload credit risk to private investment funds needs close monitoring because it is creating new vulnerabilities for the global financial system.

A photo of the Federal Reserve's Michelle Bowman seated at a table during a meeting

The Federal Reserve has told banks it plans to review and potentially drop some outstanding confidential supervisory warnings, as Vice Chair Michelle Bowman pushes to refocus oversight on near-term threats to lenders’ financial condition.

Photo of Nelson Tanure standing in front of a bookcase.

Brazil’s Supreme Court has ordered the assets of veteran entrepreneur Nelson Tanure to be frozen as part of an investigation into failed lender Banco Master SA, according to a January 6th decision seen by Bloomberg.