Michael Barr

Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.

By Jesse Hamilton

Sep 8, 2023 at 1:57 p.m. UTC

Sep 8, 2023

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Rep. McHenry Questions Regulators on SVB Collapse

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Federal reserve

Rep. McHenry Questions Regulators on SVB Collapse

U.S. Rep. Patrick McHenry (R-N.C.) questions U.S. Treasury Undersecretary For Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg on Silicon Valley Bank's collapse during a House Financial Services Committee hearing on Wednesday.

By CoinDesk Inc

Mar 29, 2023 at 6:20 p.m. UTC

Mar 29, 2023

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Fed Vice Chairman for Supervision Michael Barr (Nikhilesh De/CoinDesk)

Policy

Regulations

Federal Reserve Setting Up New Squad of Crypto Specialists

Michael Barr, the Fed’s vice chairman for supervision, said the central bank is trying not to stomp on crypto innovation and sees the need for stablecoin controls.

By Jesse Hamilton

Mar 9, 2023 at 6:02 p.m. UTC

Mar 9, 2023

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Fed's Barr: Regulators Should Use 'Range of Options' in Fintech

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Congress

Fed's Barr: Regulators Should Use 'Range of Options' in Fintech

Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event to a policy focused crowd noting that risk management is a key issue for regulators The range of options available for dealing with emerging technologies and those benefits are solid Barr said Coin Desk Global Policy Regulation Managing Editor Nikhilesh [...]

By CoinDesk Inc

Oct 13, 2022 at 2:39 p.m. UTC

Oct 13, 2022

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Fed’s Michael Barr: Crypto ‘Unlikely' To Grow Into Money Substitutes

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Stablecoins

Fed’s Michael Barr: Crypto ‘Unlikely' to Grow Into Money Substitutes

Federal Reserve Vice Chair for Supervision Michael Barr spoke at a DC Fintech Week event, noting that crypto is "unlikely to grow into money substitutes and become a viable means to pay for transactions" due to the high volatility. Plus, he explains why stablecoins could post potential risks to financial stability.

By CoinDesk Staff

Oct 12, 2022 at 9:00 p.m. UTC

Oct 12, 2022

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Federal Reserve Vice Chair for Supervision Michael Barr (Nikhilesh De/CoinDesk)

Policy

Regulation

Regulators Should Use 'Range of Options' in Fintech, Fed's Barr Says

Sometimes just identifying risks is enough to change risky behavior, said Michael Barr, the Federal Reserve's vice chair for supervision.

By Nikhilesh De

Oct 12, 2022 at 7:52 p.m. UTC

Oct 12, 2022

RegulationMichael BarrFederal Reserve

WASHINGTON, DC - MAY 19: Michael Barr testifies at the Senate Banking, Housing and Urban Affairs at the US Capitol on May 19, 2022 in Washington, DC. Senate Banking, Housing and Urban Affairs held a hearing on the nominations of Michael Barr to be a member and vice-chairman for supervision of the Federal Reserve Board. (Photo by Tasos Katopodis/Getty Images)

Policy

Regulations

Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says

Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities, in his first speech since taking office.

By Jesse Hamilton

Sep 7, 2022 at 6:09 p.m. UTC

Sep 7, 2022

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