Fed proposes long-term debt requirement for large banks
The US Federal Reserve Board is seeking comment on a proposal to require banks with over $100 billion in assets to maintain minimum holdings of long-term debt.
A “layer” of long-term debt “would improve financial stability by increasing the resolvability and resiliency of such institutions”, the Fed said in a joint statement with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.
The proposed regulation follows in the wake of some of the largest
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