Financial regulations

At the Most Powerful Women in Banking conference this week, New York's top banking regulator said banks need to take full responsibility for the artificial intelligence models they use, even if they bought them from a third party.

In an agenda released on Tuesday, the Federal Reserve and other regulators outlined what issues they plan to focus on as they consider rules for how banks interact with cryptocurrencies. Their priorities include weighing custody, crypto-backed loans and the possibility of capital standards, according to a joint statement.

Cryptocurrencies have faced a bumpy road to gaining acceptance from the U.S. financial system.

Republicans are considering retaining Obamacare’s 3.8 percent tax on net investment income for people who earn more than $200,000 and couples over $250,000.