Home Economy News Top bank regulator says agencies ‘open-minded’ about capital hike tweaks

Top bank regulator says agencies ‘open-minded’ about capital hike tweaks


Top bank regulator says agencies ‘open-minded’ about capital hike tweaks By Reuters

Breaking News



Published Mar 12, 2024 10:05AM ET
Updated Mar 12, 2024 05:51PM ET

© Reuters. FILE PHOTO: Acting Comptroller of the Currency, Michael Hsu, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Evelyn Hockstein/F

WASHINGTON (Reuters) – A leading U.S. bank regulator said Tuesday that the government will be “open-minded” about making changes to a contentious plan to raise large bank capital requirements.

Michael Hsu, the acting Comptroller of the Currency, said regulators are carefully considering numerous comments critical of the so-called “Basel III endgame” proposal, which the industry has decried as overly burdensome. At the same time, he defended robust capital requirements for the largest banks, saying it is critical to ensure they can withstand shocks.

Top bank regulator says agencies ‘open-minded’ about capital hike tweaks

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2024 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News