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The Federal Reserve Governor Lisa Cook said recent events show that existing regulation and supervision tools are already well suited for protecting banks from the risks of digital assets.
NZD/USD stays firmer around 0.6325, the highest level since mid-August, after higher-than-expected China activity data during early Thursday. In doing
Dianne Dobbeck, head of the Federal Reserve Bank of New York's supervision group, said the banking system is sound, but potentially destabilizing risks must be monitored and addressed.
Federal Reserve Gov. Michelle Bowman said regulations on banks have spurred the growth of unsupervised non-bank financial institutions like fintechs and private equity firms.
The Australian Dollar was rag-dolled by US Dollar gyrations last week as data and geopolitics had markets running from pillar to post, second-guessing where the Fed is headed.