Atlanta Fed's Lockhart Shares Thoughts on Prudential Regulation

Atlanta Fed's Lockhart Shares Thoughts on Prudential Regulation

The United States has a banking system, and it also has a shadow banking system. Atlanta Fed President Dennis Lockhart recently discussed the markedly different regulatory environments that exist between the two systems in a recent speech. Financial Update notes that he also discusses the implications of those differences for the U.S. financial system.
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Balancing Security and Friction

Balancing Security and Friction

When issuers and merchants increase payments security, they may add friction to transactions. But consumers, who don't usually bear the responsibility for fraud losses, often prefer to trade off security for less friction. This week's Take On Payments explores this dilemma.
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Federal Reserve System Publishes Annual Financial Statements

Federal Reserve System Publishes Annual Financial Statements

The Federal Reserve System on Friday released the 2014 combined annual financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks, Maiden Lane LLC, and the Board of Governors.
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