Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is already used in the financial services sector for forecasting, fraud prevention, customer support and other use cases, the technology’s rapid...
A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday (April 17) that would yank the approval of the Financial Stability Oversight Council (FSOC)’s guidance on non-bank financial company determinations, adopted last fall. “This guidance transforms...
A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge funds, pension funds, asset managers and insurers, Bank of England (BoE) deputy governor Sarah Breeden said Monday (Feb. 26). “A shift in...
A bipartisan congressional working group will explore the impact of artificial intelligence (AI) on the financial services and housing industries. The formation of the Working Group on Artificial Intelligence (AI) was announced by House Financial Services Committee (HFSC) Chairman Patrick McHenry and Ranking Member Maxine Waters in a Thursday (Jan....
January 10, 2024
Frameworks come, frameworks go — and frameworks are fluid. To that end, in a hearing scheduled for Wednesday afternoon (Jan. 10) before the Subcommittee on Digital Assets, Financial Technology and Inclusion, panelists will weigh in on the ways emerging technologies and digital startups — nonbanks among them — should be regulated and gauged for risk. […]
March 20, 2023
Amias Gerety, partner at FinTech VC firm QED Investors, watched the collapse of Silicon Valley Bank just like the rest of us. His assessment of what really happened, and where...
June 05, 2024
Treasury Secretary Janet Yellen will caution financial institutions on Thursday (June 6) about risks associated with the use of artificial intelligence (AI). While AI is already used in the financial services sector for forecasting, fraud prevention, customer support and other use cases, the technology’s rapid evolution presents risks along with opportunities, Yellen will say in […]
April 18, 2024
A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday (April 17) that would yank the approval of the Financial Stability...
February 26, 2024
A Bank of England official is calling for more research into non-bank lenders. This effort would help prevent a “credit crunch” that could result from a pull-back by hedge funds, pension funds, asset managers...
January 11, 2024
A bipartisan congressional working group will explore the impact of artificial intelligence (AI) on the financial services and housing industries. The formation of the Working Group on Artificial Intelligence (AI)...
