Fed is Preparing to Raise Bank Oversight Thresholds: Report
Dow Jones09-25 21:21
The Federal Reserve is preparing a proposal to raise the asset-based thresholds that determine how stringently big U.S. banks are supervised-a plan that could come by year's end, Reuters reported on Friday.
Such a plan was expected by industry analysts and bankers whose lobbyists have long urged regulators to rework the levels that trigger stricter oversight of large lenders.
A spokesperson for the Fed declined to comment to Reuters, which cited anonymous sources.
This story is developing. Please check back for updates.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments