Fed Issues Large Bank Capital Requirements
The Federal Reserve today issued individual capital requirements, taking effect Oct. 1, for banks with more than $100 billion in total assets.
Browsing: SIFIs
Fed: Most Banks Remain ‘Sufficiently Capitalized’ in COVID Stress Scenarios
All 33 banks participating in the Federal Reserve’s 2020 supervisory stress tests would remain above minimum regulatory capital levels under three COVID-related downside scenarios.
N.Y. Fed: Banking System Vulnerability Well Below Pre-Crisis Levels
While they have increased slightly in recent years, four key measures of banking system vulnerability remain “significantly smaller” than the period prior to the financial crisis, according to economists at the Federal Reserve Bank of New York.
Financial Stability Board Updates List of Global SIFIs
The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency requirements.
ABA to FSB: Post-Crisis Framework Has Addressed ‘Too Big to Fail’ in U.S.
As the Basel, Switzerland-based Financial Stability Board begins the process of evaluating whether post-financial crisis regulatory efforts are reducing the systemic and moral hazard risks associated with systemically important banks, ABA said “that the prospect of TBTF with regard to banking organizations has been addressed in the United States by these regulatory actions and the banking industry’s concomitant efforts.”
Fed Report: Bank Capital ‘Well Above Regulatory Requirements’
With Vice Chairman for Supervision Randal Quarles scheduled to testify on Capitol Hill next week, the Federal Reserve today released its second report on its regulatory and supervisory activities for banking companies.
Podcast: Tyler Cowen on the Value of American Banks
“The American economy in general is the best in the world at allocating new capital to rapidly growing sectors, and that’s the number-one thing you want from your banking and financial system,” Cowen says.
Large Bank CEOs Raise Concerns About Cybersecurity, Slowing Global Growth
Cybersecurity and the slowing of the global economy are two key issues of concern, the CEOs of the nation’s largest banks told the House Financial Services Committee today.
Fed Proposes Tailored Living Wills, Foreign Bank Capital Framework
The Federal Reserve today proposed several changes to its resolution planning framework for large banking companies, as well as to the regulatory capital requirements for U.S. subsidiaries of foreign banking organizations.
Agencies Propose Heavy Capital Requirement on Holdings of Large Bank Debt
As part of their efforts to mitigate financial stability risks associated with connections among the largest banks, the federal banking agencies today proposed a rule that would discourage the largest banks from purchasing large amounts of total loss-absorbing capacity debt issued by other large banks.