Washington, DC--The Financial Services Roundtable (FSR) and The Clearing House (TCH) have announced plans to combine the activities of The Clearing House Association (TCH Association), TCH's non-partisan advocacy and research arm, with those of FSR. Upon completion, TCH Association President Greg Baer will become Chief Executive Officer for the new organization.
Last month, the Federal Reserve released the economic scenarios that it will use for purposes of its 2018 CCAR and DFAST stress tests. Because both the overall severity of the scenarios and their individual components each directly impact CCAR results– in particular, they are key determinants of how any bank’s balance sheet will perform under the test – their ultimate impact on banks, and those who rely on them for credit, is enormous.
The Clearing House (TCH) launched RTP®, its real-time payments system, the first new core payments infrastructure in the U.S. in more than 40 years. The new RTP system was designed and built through the collaborative effort of TCH’s 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP is open to all U.S depository institutions with a goal of reaching ubiquity by 2020.
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Posted 03/07/2018 by TCH Staff