Tag: financial system

Capital and Risk, Macroeconomic

Fed is now effectively the ‘lender of last resort’ to Main Street not just Wall Street

March 23, 2020

Via: Market Watch

During the 2008 financial crisis, the Federal Reserve was stung by criticism that its lending programs to get credit flowing in the economy benefitted Wall Street not Main Street. Former Fed Chairman Ben Bernanke, in an unprecedented effort to counter […]

Capital and Risk, Operational

Bank cyberattack could hit whole financial system – NY Fed research

January 20, 2020

Via: Finextra

The report models how a cyberattack on a single large bank, a group of smaller banks or a common service provider can be transmitted through the wholesale payments network. The researchers estimate that a hit on a big five bank […]