As the financial landscape continues to transform with the increasing involvement of non-bank financial institutions, it is imperative that banks recognize and manage the significant risks associated with these partnerships, and treat them with a higher level of diligence and scrutiny then they apply to credit risk management.

Banks that work with fintechs are coming under more scrutiny as examiners look to recalibrate their supervision of banks that operate banking-as-a-service programs.

Silvergate “grew exponentially in a 5-year period,” the OIG said in a report that criticized the central bank’s supervision of the bank. The Fed lacks guidance on supervising banks undergoing extremely rapid growth and validating equivalent risk control evolution.

As boards and executive teams consider technology strategies, they should begin with a clear understanding of the economic factors behind this trend, along with the risks and challenges inherent in fintech acquisitions.

The latest signs of persistent inflation suggest the Federal Reserve will keep the door open to another interest-rate hike this year, even as central bankers emphasize patience ahead of their next meeting.

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“We are not there yet, but you’re going to see some form of yield curve control brought in to stabilize the bond market,” Shaoul said...For now, Fed officials have said they don't see signs of dysfunction, but are expecting higher long-term yields to do the work for them in terms of constricting credit to the broader economy.

Oil prices surged on Monday after the weekend attack by Hamas on Israel rekindled tensions in the Middle East and the war premium in the market returned.

Hamas continued rocket attacks from the Gaza Strip into southern Israel but reduced the rate of these attacks....Small arms clashes between Palestinian militants and Israeli forces increased slightly across the West Bank, as Palestinian militias try to stoke conflict there.

Russian forces have not secured any major breakthroughs near Avdiivka as of October 12 and are unlikely to immediately cut off Ukrainian forces in the city.