Our community development experts are working on the ground to promote fair and equal access to banking services and improve communities. Further, Federal Reserve staff members are conducting empirical research on mortgage- and foreclosure-related topics, and are reaching out to industry experts as well. We are focusing on the hardest-hit cities and regions of the country.
Today’s banking landscape still too closely resembles a collection of banking systems highly exposed to their domestic economies, with limited cross-border private risk-sharing. The future banking landscape should ideally consist of a diverse range of banking institutions, with pan-European banks playing an important role in private risk-sharing. For this to happen, it is essential to complete the banking union.