US regulators are set to propose a rule that could significantly raise capital requirements for larger banks, forcing them to cut costs and retain earnings in an effort to cushion against potential losses that could harm customers and investors
The proposal, to be unveiled later on Thursday and voted on by the Federal Deposit Insurance Corporation and the Federal Reserve, marks the first into tighten bank oversight, particularly in the wake of spring turmoil that saw three large financial firms fail.
The rule, which would implement a 2017 agreement by global regulators, aims to overhaul how banks gauge their riskiness, and in turn how much money they must keep on hand.to soften, delay, or otherwise derail the government's long-planned effort. They argue the increases are unjustified and economically harmful.
"The banking industry probably didn’t influence the upcoming proposal as much as it wanted. But it’s determined to fight on what it sees as major issues in the months between Thursday and whenever a final rule is approved," Ian Katz, managing director at Washington-based Capital Alpha Partners, said in a research note.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD recovery needs acceptance from $1,975 and central banks – Confluence DetectorGold Price Forecast: XAU/USD recovery needs acceptance from $1,975 and central banks – Confluence Detector – by anilpanchal7 Gold XAUUSD Confluences RiskAppetite CentralBanks
Leer más »
European stocks set for cautious open, with earnings and central banks in focusEuropean markets are set for a cautious open as investors assess economic data and corporate earnings and gear up for a big week of central bank meetings.
Leer más »
Houston crime: Jugging incidents on the rise as robbers follow unsuspecting victims from banksAuthorities are sending out a warning to be aware of your surroundings and trust your instincts if you go to a bank or an ATM.
Leer más »
Fed Preview: Banks see a 25 bps hike as “a done deal”, focus on forward guidanceThe US Federal Reserve will announce its Interest Rate Decision on Wednesday, July 26 at 18:00 GMT and as we get closer to the release time, here are
Leer más »
Morning Bid: Tech splits, banks merge and Fed decidesA look at the day ahead in U.S. and global markets from Mike Dolan
Leer más »
Why big banks like JPMorgan and Citi want to put Wall Street on a blockchainBanks are hoping blockchain technology can supercharge stock trading
Leer más »