Federal Reserve Chair Jerome H. Powell on Monday opened the \u201cIntegrated Review of the Capital Framework for Large Banks\u201d conference in Washington, D.C., emphasizing the importance of a unified, effective approach to U.S. bank capital rules.<\/p>\n
Addressing a gathering of industry leaders, academics, and policymakers, Powell said the goal of the conference is to ensure that all components of the capital framework\u2014risk-based capital requirements, leverage requirements, surcharges for the largest banks, and stress tests\u2014work together cohesively.<\/p>\n
\u201cA great benefit of this conference is the chance to consider all elements of the capital framework in concert, rather than look at each in isolation,\u201d Powell said. He added that the review aims to help maintain a \u201csafe, sound, and efficient banking system.\u201d<\/p>\n
The Fed currently has proposals outstanding or in progress across all four capital areas, Powell noted.<\/p>\n
He also praised Vice Chair for Supervision Michelle Bowman, who conceived the idea for the review and brings a deep background in banking supervision. Powell said Bowman\u2019s experience underscores the importance of aligning regulatory practices with safety and soundness objectives.<\/p>\n
The Fed Chair stressed that large U.S. banks must be \u201cwell capitalized\u201d and able to manage risk effectively, while also competing globally and supporting broader economic growth.<\/p>\n
Calling the Fed a \u201cdynamic institution,\u201d Powell concluded by welcoming new ideas from conference participants and reiterated the Fed\u2019s commitment to continual improvement in its regulatory approach.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fed Chair Powell opens review of capital rules for large banks, calls for unified framework.<\/p>\n","protected":false},"author":430,"featured_media":52591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-81425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/81425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/430"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=81425"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/81425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/52591"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=81425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=81425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=81425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}