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A new proposal calls for systemically important transaction clearing firms to update their practices on handling risks related to cyberattacks and climate change.

A new proposal calls for systemically important transaction clearing firms to update their practices on handling risks related to cyberattacks and climate change.

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Get Permission The Federal Reserves online money transfer system, including Fedwire Funds and FedCash, suffered an outage for more than three hours Wednesday afternoon, with the Fed citing technical issues as the cause and not a cyber incident. The bank began restoring services by late afternoon, but at its height, the outage affected the Federal Reserves Account Services, Central Bank, Check 21, Check Adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine...