The second Conference on Measuring Cyber Risk in the Financial Services Sector continued the important discussion around cyber data needs to help financial services firms better manage cyber risk. Hosted by the Richmond Fed, the Federal Reserve Board and MIT, the conference was held in January 2024 on the MIT campus in Cambridge, Massachusetts.
Richmond Fed Executive Vice President Lisa White shares her perspectives around risks, liquidity and contingency planning within the Fifth Federal Reserve District.
The Federal Reserve announced that the FedNow Service has experienced strong growth following its launch in July 2023, with more than 600 institutions now sending and receiving on the network.
Updated guidance encourages all banks to continue reviewing their contingency funding plans to ensure they are prepared for a wide range of possible stress scenarios.
The National Federal Reserve Financial Services website presents the products and services available for institutions in the Fifth District.
View types of common frauds and scams, along with suggestions to help you from becoming a victim. A Federal Reserve Bank will not contact anyone about suspicious activity in a commercial bank account. Find information and resources here to help you protect yourself while seeking assistance.
Any qualified state-chartered bank may become a member of the Federal Reserve System. Learn more and view our current state member banks, bank holding companies and savings and loan holding companies.
