G-Sib rules can’t assess regional mergers – UST official

Steele calls for domestic framework to weigh risks from large second tier banks


The framework used to evaluate the risks posed by global systemically important banks (G-Sibs) is not an effective tool for assessing the risk that could result from mergers of large regional banks, according to a senior US Treasury official speaking on a panel addressing the effects of bank mergers on financial stability.

“The large regionals, frankly, are not global institutions, so measuring their global systemic importance – things like cross-border exposures – they are never going to trip

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