Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Bair Large banks need to increase capital
WASHINGTON (4/2/09)--Large banks deemed “high risk” should raise their capital to protect the overall financial system, said Federal Deposit Insurance Corp. (FDIC) Chairman Sheila Bair in a speech Wednesday that was widely reported by national media. The capital requirements should be a part of regulatory oversight of risky institutions. Regulators must end the notion that large banks are “too big to fail,” Bair said (Associated Press April 1). Last week, the Obama administration released details of a plan that would overhaul financial regulation. The plan would establish a single agency to oversee systemically important firms and critical payment and settlement systems. It also would establish higher standards on capital and risk management for systemically important firms (News Now March 27). Earlier this year, Bair said that U.S. banks were well-capitalized. However, she acknowledged that prolonged shocks to the banking system would require institutions to increase their capital reserves (News Now Feb. 25).


RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
5 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
5 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
8 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
8 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
8 hours ago