Tagged: Novel Activities Supervision Program

American Fintech Council CEO Welcomes Fed Novel Activities Announcement, Says More is Required

August 13, 2023 @ 10:49 pm By Tony Zerucha |

While the US Federal Reserve’s recent announcement of a Novel Activities Supervision Program is a step in the right direction, the work is far from over, the leader of the American Fintech Council believes. The Novel Activities Supervision Program is designed to enhance the oversight… Read More

US Federal Reserve Creates “Novel Activities Supervision Program,” Targets Digital Assets and Tech Partnership with Financial Services Provided by “Nonbanks”

August 10, 2023 @ 9:26 pm By JD Alois |

The US Federal Reserve has announced the creation of the Novel Activities Supervision Program that will be “risk-focused” and in addition to current regulatory processes. The Fed said the Program will focus on “crypto-assets, distributed ledger technology (DLT), and complex, technology-driven partnerships with nonbanks to… Read More