Brainard Acknowledges Risk But Sticks to Policy Guns
Responding to acute concerns that Fed policy will shatter global financial stability, Fed Vice Chair Brainard today emphasized her longstanding and once-isolated view that monetary policy must consider financial stability.
Global Standard-Setters Turn to Clearing Margin, Liquidity
The Basel Committee, IOSCO, and CPMI issued the first substantive response to the FSB’s decision to target margining practices following its review of the 2020 financial crisis and the need to address nonbank financial intermediation (see Client Report NBFI).
HFSC Republicans Denounce Beneficial Ownership Rule
Basel Concludes High Capital Compatible with Sustained Profitability
The Basel Committee today released its latest report on bank capitalization, finding that profitability remains robust despite capital ratios increasing to the highest level since the beginning of the exercise in 2012.
Bowman Comes Out Swinging on New, Costly Big-Bank Rules
Following a speech earlier this week largely siding with banks on merger policy, FRB Gov. Bowman today agreed with assertions from bank CEOs (see Client Report REFORM213) and others that the largest U.S. banks are now well capitalized as judged by ratios and effective stress testing.
FRB/FDIC Turn to Regional Resolvability
The Fed and FDIC today announced that they will shortly propose resolution guidance for most regional banks.