US banking regulators consider new rules for regional banks amid crisis, reports Wall Street Journal

US banking regulators consider new rules for regional banks amid crisis, reports Wall Street Journal
US banking regulators consider new rules for regional banks amid crisis, reports Wall Street Journal

People walk with masks in front of the Federal Reserve Bank of New York in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo/File Photo

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Sept 18 (Reuters) – A group of banking regulators appointed by U.S. President Joe Biden is considering new rules that will force major regional banks to add financial cushions that can be used in times of crisis, The Wall Street Journal reported on Sunday.

The new measures include regional banks raising long-term debt that will help absorb losses in the event of insolvency, the WSJ reported, adding three people familiar with the matter.

The WSJ report comes more than a week after U.S. Federal Reserve chief Michael Barr said there could soon be tougher rules for major regional lenders after the conclusion of a ‘holistic’ review. » banks’ capital requirements. Read more

(This story refiles to clarify WSJ attribution in headline)

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Reporting by Rachna Dhanrajani in Bengaluru, editing by William Maclean

Our standards: The Thomson Reuters Trust Principles.

The article is in French

. regulators banking US considering news rules for regional banks weather crisis reports Wall Street Journal

. banking regulators rules regional banks crisis reports Wall Street Journal

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