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92 Results from /wholesale, "Federal Reserve Board"

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Former Fed staffer fined for using server to mine bitcoin

A former Federal Reserve employee has been sentenced to 12 months' probation and fined $5000 for installing software on a Fed server to use its computing power to earn bitcoins.

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US regulators set out new cybersecurity standards

US regulators have set out plans to strengthen the way they oversee big banks in a bid to protect the country's financial system in the event of a major cyberattack or technology failure.

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Fed paying close attention to 'significant' blockchain

Distributed ledger technology may be the "most significant development in many years" for payments, clearing and settlement, according to a Federal Reserve governor who says that the central bank will publish its own blockchain paper later this year.

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Fed launches Facebook page

Following in the footsteps of grandmothers everywhere, the Federal Reserve Board has joined Facebook, setting up a page to share news and educational content.

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Swift forms High Value Payments taskforce for ISO 20022

Swift is to push the gospel of global interoperability for the ISO 20022 messaging standard to the very top of the payments food chain with the formation of a High Value Payment taskforce comprised of global banks and major market infrastructure providers.

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Bangladesh Bank hack costs Philippines bank chief's job; Swift hits back at 'false' allegations

The president of Philippines-based Rizal Commercial Banking Corp (RCBC) has resigned despite being cleared by an internal investigation into the bank's connection with the $81 million Bangladesh Bank hacking scandal.

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Fed Governor warns of unintended consequences of distributed ledger adoption

Legacy technology and interoperability could be the stumbling blocks to widespread uptake of distributed ledgers in the financial markets, creating unintended consequences for the efficient functioning of markets, a Federal Reserve Bank governor has warned.

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Fed hands IBM contract to modernise ACH platform

IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.

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Fed researcher sets out vision for government cryptocurrency

A senior researcher at the Federal Reserve Bank of St Louis has floated the idea of a government-backed 'Fedcoin' that uses a bitcoin-style protocol but the US dollar as the monetary object, combining the best of cryptocurrencies and cash.

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The Clearing House wakes up to real-time payments

US bank-backed ACH The Clearing House is to undertake a multi-year effort to build a new real-time processing platform, as the country finally begins to get to grips with its antiquated payment systems.

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Fed hack linked to Anonymous leak

The US Federal Reserve Bank has confirmed that an internal database of US bank contacts was hacked just days after the Anonymous collective leaked the names, addresses and other personal information of around 4,000 bank executives.

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Repo settlement delays expose market fragility

Operational issues in the $1.87 trillion tri-party repurchase agreement market delayed settlement of some trades on Tuesday by several hours, Reuters reports.