BIS Head Calls for Larger GSIB Capital Buffers, Asset-Quality Discipline
BIS General Manager Agustín Carstens today detailed actions supervisors should take to protect the banking system as NPLs and other high-risk assets grow due to the pandemic, noting also significant medium-term challenges due to tech innovation and NBFIs.

Democrats Ready Consumer-Bankruptcy Rewrite
Laying groundwork for a full-scale push in the next Congress, Sen. Warren (D-MA) and House Judiciary Committee Chairman Nadler (D-NY) have introduced sweeping consumer bankruptcy-reform legislation.