FDIC Chairman says bank agencies eye tougher capital rules for banks over $100 billion in size

by Aurelia Butler 22 June 2023, 13:06 159 Views

WASHINGTON (Reuters) – The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter capital rules to banks with over $100 billion in assets.

FDIC Chairman Martin Gruenberg said the spring turmoil in the banking sector showed firms of that size pose a risk to the financial system and merit stricter oversight. He said agencies will propose new capital rules to implement an international bank rule agreement in the near future, but will likely not complete the rules before the middle of 2024.

Source: Economy - investing.com

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FDIC Chairman says bank agencies eye tougher capital rules for banks over $100 billion in size

Overstock.com wins auction for Bed Bath & Beyond’s intellectual property, digital assets

Big central banks are still hiking rates but eye the end

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