Bloomberg: Banks Face More Regulatory Oversight
Bloomberg reported that U.S. regulators, closing in on their mandate to force financial firms to prove they can weather another credit crisis, are set today to finish two key rules governing the banks’ balance sheets.
Bloomberg said the Fed, OCC and FDIC are preparing to issue a mandate that banks set aside enough easy-to-sell assets to survive a 30-day liquidity drought and wrap up rules on how much loss-absorbing capital must be held against total assets.
Bloomberg noted that the latest actions include another rule dealing with swap margins and one yesterday scrutinizing how banks are managing risk.
To read the full Bloomberg report, click here.