Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday that the central bank is looking to be more agile in regulating banks before and during financial crises.
Mendon Capital Advisors President and CIO Anton Schutz discusses whether regional banks have stabilized on Mornings with Maria.is exploring ways to move more swiftly when regulators identify issues at banks in the wake of a crisis that roiled the banking sector this spring.
Federal Reserve Vice Chair for Supervision Michael Barr said Tuesday in a panel discussion at the New York Fed that the central bank is looking for ways to be more nimble in its regulatory approach to the banking system before and during financial crises. "We’re not an institution that moves quickly on supervisory issues," Barr said. "We tend to have a culture that makes it difficult for the institution to act quickly with respect to supervision" because the Fed tends to be a consensus-driven institution with policymakers looking to ensure they have sufficient evidence for decisions and consider due process issues facing firms, he explained.
The Federal Reserve is looking at revising how it approaches bank oversight with"reverse stress tests" according to Vice Chair for Supervision Michael Barr.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD slides toward $1,950 as China woes join hawkish Fed cluesGold Price (XAU/USD) suffers from the market’s pessimism about China, as well as the fresh hawkish concerns for the Federal Reserve (Fed), as it takes
Read more »
NZD/USD declines towards 0.6150 as Fed to keep interest rates higher this yearThe NZD/USD pair is declining towards the crucial support of 0.6150 as investors are expecting that the Federal Reserve (Fed) will not cut interest ra
Read more »
Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAOReserve protocol stablecoin project invests $20 million in Stake DAO, Curve, Convex to increase liquidity.
Read more »
Workers investigating sewage spill in Rancho Palos Verdes discover human remains in nature reserveThe Los Angeles County Sheriff’s Department and the coroner’s office confirmed they went to the Agua Amarga Reserve last Tuesday after the workers reported their discovery.
Read more »
Asian stocks pause rally, eyeing China stimulus, Powell testimonyInvestors are looking ahead to China's rate decision and Fed testimony from Jerome Powell.
Read more »
Stocks rally stalls, eyes Powell testimony for rate cluesInvestors are looking ahead to China's rate decision and Fed testimony from Jerome Powell.
Read more »