Fed to move tailored-capital goalposts soon, says Bowman
Banks hope agencies will index triggers for harsher capital rules to economic growth
US regulators are set to propose an adjustment to size-based thresholds that subject lenders to harsher capital and supervisory requirements, according to a senior official. The Federal Reserve Board’s vice-chair for supervision, Michelle Bowman, told the US Congress a proposal may come soon, confirming expectations within the industry.
“We’re currently working on that, hopefully in the near future
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