By
Aaron Nicodemus2024-09-03T15:47:00
The Federal Reserve Board will require more than 30 of country’s largest banks to maintain a minimum percentage of capital in reserve, a percentage which the Fed calculated based on their complexity and whether they are considered a global systemically important bank.
The capital requirements, which take effect Oct. 1, affect 32 banks and holding companies with $100 billion or more in assets, the Fed announced in a press release Wednesday. Previously, capital requirements were only imposed on financial institutions with more than $700 billion in assets, a threshold which applied to a small number of very large banks, the Fed noted.
The move to increase capital requirements was made in response to the collapse of three mid-sized banks in 2023: Silicon Valley Bank, Signature Bank, and First Republic Bank.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
2024-09-12T12:46:00Z By Aaron Nicodemus
Facing intense pressure from the banking industry, the Federal Reserve Board may scale back two controversial rule proposals aimed at reducing risks of bank failures in the event of a market downturn.
2023-07-12T17:58:00Z By Aaron Nicodemus
The Federal Reserve Board will propose increasing capital standards for large banks and holding companies to build up the banking system’s resiliency against unanticipated market shocks.
2025-10-27T20:16:00Z By Adrianne Appel
California has delayed the release of draft greenhouse gas reporting rules for businesses until early 2026, the California Air Resources Board said.
2025-10-27T19:06:00Z By Neil Hodge
New rules that have recently come into effect across the EU will allow for greater transfers of data between companies, though experts fear the changes could conflict with Europe’s strict privacy legislation, which protects personal information.
2025-10-24T18:05:00Z By Adrianne Appel
Nine states are collaborating to write and enforce comprehensive data privacy laws, in an effort to protect consumers across jurisdictions and due to the absence of a broad, federal privacy law.
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