The Fed Should Strengthen Safeguard of Economic Data Said the Watchdog
Office of Inspector General stated in its audit report that the Fed to further improve its safeguard of economic data. Particularly the information it provides to news outlet.
Tags: Federal Reserve
The Federal Reserve corrects a letter it sent to Morgan Stanley regarding its "living will," which is a plan showing to regulators that they can go through bankcruptcy without cost to taxpayers.
The Federal Reserve and Federal Deposit Insurance Corporation are now probing how the Wall Street Journal was able to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations.
The Federal Reserve and the Federal Deposit Insurance Corp. wants significant revisions on the living wills of United State's five biggest banks. These revisions will prevent taxpayers from carrying the burden in case of bankruptcy.
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