Federal Reserve’s top banking regulator proposes changes including setting aside more money as a cushion to protect against losses. Read on
, Michael Barr, said that he wants banks to start using a standardized approach for estimating credit, operational and trading risks, rather than relying on their estimates. He also said that the Fed’s annual stress tests should be rejiggered to better capture dangers that firms can face. The changes stem from a review to align U.S.
“These changes would increase capital requirements overall, but I want to emphasize that they would principally raise capital requirements for the largest, most complex banks,” he said in a speech at the Bipartisan Policy Center in Washington. “We intend to consider comments carefully and any changes would be implemented with an appropriate phase-in,” he said, adding that most banks already have enough capital to meet the new requirements.
As part of the plan, the largest banks would have to hold an extra 2 percentage points of capital — or an extra $2 of capital for every $100 in risk-weighted assets. He added said that “enhanced capital rules” should apply to banks and bank holding companies with more than $100 billion in assets. Currently, such restrictions apply to firms that are globally active or have $700 billion or more in assets, he said.Article content
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
America's big banks face one of biggest regulatory overhauls since the financial crisisFederal Reserve’s top banking regulator proposes changes including setting aside more money as a cushion to protect against losses. Read on
Lire la suite »
America's big banks face one of biggest regulatory overhauls since the financial crisisFederal Reserve’s top banking regulator proposes changes including setting aside more money as a cushion to protect against losses. Read on
Lire la suite »
These are the 5 headlines you should read this morningThe Bank of Canada is expected to raise interest rates again this week, Prime Minister Justin Trudeau heads to Lithuania for the NATO summit, and new data reveals how many Russians have died in the war in Ukraine.
Lire la suite »
Federal leaders continue Stampede circuit at Calgary pancake breakfastsFederal Conservative Leader Pierre Poilievre is also in Calgary for the Stampede, riding in Friday morning\u0027s parade with his wife, Ana.
Lire la suite »
Where the federal government has been spending your money on social media | CBC NewsAds promoting Canada's 150th anniversary celebrations, annual budgets and outreach to veterans were among the biggest items in the federal government's social media ad spending over the past seven years, a CBC News analysis shows.
Lire la suite »
Premier Furey hopes Federal Government will pause Clean Fuel RegulationsNew clean fuel regulations took effect on Canada Day, making the price at the pumps a little more expensive. Now, Premier Andrew Furey is rallying with other Atlantic Canadian Preimers, to pause the tax hike. NTV&8217;s Ben Cleary has more in this report.
Lire la suite »