Banking – Week of August 24 in Review
Over this past week, two events stand out: Federal Reserve Chairman Kevin Warsh’s inaugural speech on August 28 in Jackson Hole and the FDIC’s and OCC’s release on August 27 of their final safety-and-soundness rule (which was accompanied by other releases from the OCC). Both events will have long-term consequences for the banking industry. Appendix I and Appendix II summarize in detail elements of Warsh’s speech.
Read the full detailed report in the PDF linked below: