Bloomberg News Most of the country’s largest banks are poised to see flat or lower capital requirements next year after performing well in this year’s Federal Reserve stress test, but ongoing efforts to reform its annual exam practices could complicate how much lower those requirements will ultimately be. Overall, banks registered their best performance since […]
Banks cruise through Fed stress tests, earning capital break Read More »
Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration. Powell, speaking before
Powell says Fed will revisit Basel III capital rules Read More »
Federal Reserve Chair Jerome Powell testifying in the House Financial Services Committee Tuesday morning.Bloomberg News WASHINGTON — House Republicans struck a mostly cordial tone with Federal Reserve Chairman Jerome Powell at a hearing at the House Financial Services Committee. Trump, ahead of the hearing, called on Republicans to press Powell after he held interest rates
Republicans play nice with Powell despite Trump’s criticism Read More »
Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News The Federal Reserve’s top regulator said changes are needed to the supplementary leverage ratio to improve the Treasury market and ensure banks face proper risk incentives. In a Monday speech, Fed Vice Chair for Supervision Michelle Bowman said the current calibration of the capital requirement is
Fed’s Bowman makes case for leverage ratio reform Read More »
Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News Newly minted Federal Reserve Vice Chair for Supervision Michelle Bowman is aiming to do something that escaped both her predecessors: finalize the U.S. implementation of the so-called Basel III framework. In her first speech since being confirmed to the central bank’s top regulatory role, Bowman outlined
Is third time the charm for Basel III endgame? Read More »
Federal Reserve Gov. Michelle Bowman, who was confirmed as the central bank’s next vice chair for supervision this week.Bloomberg News Bank ratings, examination practices and capital requirements are all poised for reforms under the Federal Reserve’s new chief regulator. In her first speech since being confirmed as Fed vice chair for supervision, Michelle Bowman outlined
Bowman’s reform agenda targets ratings, supervision, capital Read More »
Acting Comptroller of the Currency Rodney HoodBloomberg News WASHINGTON — Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could constrain credit. The remarks, delivered to a crowd at the U.S. Chamber of Commerce’s Capital
Trump-era OCC eyes lighter capital rules to boost lending Read More »
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