Data Privacy & Security Data Privacy & Security

NY Fed’s biggest financial stability concerns focus on cyberattacks, shadow banking, Williams says

By Neil Roland
  • 02 Jul 2020 14:48
  • 02 Jul 2020 15:54
The US Federal Reserve Bank of New York’s biggest financial stability worries are possible cyberattacks on the banking system and the migration of assets from banks to the less-regulated shadow-banking sector, President John Williams said.

“I would really emphasize cyber risks,” Williams said in a public interview* this week. “At a time when

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