Brainard attacks Fed plan to soften regulations

Lael Brainard
Lael Brainard: regulatory changes “weaken the safeguards at the core of the system”
Fed/Flickr

Lael Brainard has criticised the weakening of post-crisis financial regulations in the US, as the Federal Reserve finalised its plans to “tailor” liquidity, capital and resolution requirements for major banks.

Brainard, a member of the Fed’s board of governors, said the actions by the central bank “weaken the safeguards at the core of the system”. She said the changes allowed many big banks to cut their capital and loosen their liquidity coverage ratios (LCRs), adding she was “disappointed” the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: