Largest Sifis should hold capital surcharge of at least 3%, says FDIC’s Bair
The largest systemically important financial institutions (Sifis) should be required to hold a capital surcharge of at least 3%, Sheila Bair, departing chairman of the Federal Deposit Insurance Corporation (FDIC), has told Risk.
Her comments come in response to testimony by Barry Zubrow, chief risk officer of JP Morgan Chase, to the House Committee on Financial Services on June 16. Zubrow argued that any surcharge on financial institutions deemed to be systemically important would be "a bridge
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Basel Committee
Regulation
FCA proposes using CME’s term SOFR for synthetic US Libor
IBA agrees to use rival’s ARRC-endorsed benchmark to avoid bifurcating the market
Receive this by email
Most read on Risk.net
- Podcast: Piterbarg and Antonov on alternatives to neural networks
- Climate risk managers debate role of client transition plans
- FCA proposes using CME’s term SOFR for synthetic US Libor
- Equities clearing and CCP resilience: protecting post-trade from geopolitical turmoil
- GFMA mulls FX determinations committee