US banks need higher equity capital levels, Kashkari says
US regulators must impose significantly higher equity capital requirements on banks to prevent more financial instability, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, warned.
“For years I have argued that the largest banks remain too big to fail,” Kashkari said in a speech on May 22. “Recent events demonstrate that this is not only true but also worse than I realised.”
“Having significantly higher levels of capital is our only chance to build real resilience in our
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