Fed's Barr Says New Crypto Team Being Assembled

The video discusses recent statements and policies issued by bank regulatory agencies, focusing on key risks such as fraud, money laundering, and crypto-related activities. It highlights the need for banks to manage liquidity risks and comply with supervisory expectations. The video also emphasizes the importance of safe and sound practices and outlines ongoing efforts to provide guidance and enhance supervision in the banking sector.

What expectations do regulatory agencies have for banks engaging in novel activities?

What steps are being taken to enhance supervision of crypto-related activities?