US regulators considering tougher capital rules for medium banks
FDIC chairman says rule change may cover all US banks with more than $100 billion in assets
US regulatory agencies are considering applying Basel III rules to banks with assets above $100 billion, said Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg.
“This consideration, candidly,” he said, “has been influenced by the recent experience with three bank failures of institutions with assets between 100 billion and 250 billion.”
Gruenberg also argued stronger capital requirements under the Basel III accords might have averted failures like that of Silicon Valley
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