Big bank chiefs must meet higher standards, Curry says
Heads of the biggest U.S. banks are being asked to meet higher conduct standards separate from the Volcker rule and Basel III capital requirements, said Comptroller of the Currency Thomas Curry. The...
View ArticleToo big to fail: Not easily resolved
As Fed Chairman Ben Bernanke has indicated, too-big-to-fail (TBTF) remains a major issue that is not solved, but “there’s a lot of work in train.” In particular, he pointed to efforts to institute...
View ArticleFed’s Tarullo: Big banks should face higher capital, liquidity rules
WASHINGTON–The largest and most complex global banks should face higher capital and liquidity requirements if regulators want to eliminate the "too big to fail" problem, in part because a central...
View ArticleThe beginning of the end of too-big-to-fail
TBTF stands for too-big-to-fail, which refers to the de-facto reality that mega-universal banks are so large and systemically important that they will never be allowed to fail. But, there’s a new TBTF...
View ArticleA ‘too big to fail’ crackdown: U.S. regulators hit big banks with tougher...
Regulators told the country’s eight largest banks that they will have to raise billions of dollars to guard against future problems or reduce their size and complexity. In a key step in the “too big...
View ArticleEurozone banks need to shed €3.2tn in assets to meet Basel III
Europe’s biggest banks will have to cut €661bn of assets and generate €47bn of fresh capital over the next five years to comply with forthcoming regulations aimed at reducing the likelihood of another...
View ArticleA quiet win for banks on borrowing
Basel is a bit of a sleepy town, even by boring Swiss standards. And Basel regulations on bank derivatives holdings is a topic seemingly purpose-designed to put the general public to sleep. And yet,...
View ArticleU.S. likely to move first on big bank leverage cap
Federal bank regulators said Thursday it is a top priority of theirs to adopt tougher debt limits on big banks, adding that they don’t expect to wait for additional moves by international policy makers...
View ArticleHow Deutsche Bank found alternative ways for profitability under Basel III...
The big idea: For banks, the accelerated trend in globalization meant they had to provide a range of commercial and investment banking services to clients, and they had to do so in all the places their...
View ArticleBig bank CEO delayed, prayed and turned out OK
It turns out the old accounting game of delay-and-pray sometimes works, as much as it pains me to admit this, which is why many banks do it when they get in trouble. They usually don’t like to talk...
View ArticleReserve Bank of India extends Basel III deadline
Banks in India caught a break recently when the Reserve Bank of India granted an extension to the deadline for adoption of Basel III regulations. The initial deadline of March 29, 2018 has been...
View ArticleThe Daily Dig for Thursday, July 24
FDIC proposes Basel III compliance regs The FDIC has issued a notice of proposed rulemaking to revise its risk-based deposit insurance assessment system to reflect the final Basel III capital rule....
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