FDIC chair promises stricter rules for mid-sized banks
A senior regulator says the US will tighten rules for regional banks following the collapse of Silicon Valley Bank (SVB) and several other firms.
The new regulations aim to shield taxpayers and depositors from losses and give officials more flexibility in winding up failed banks.
Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation (FDIC), said on August 14 that mid-sized banks will have to issue more long-term debt and file more detailed resolution plans.
Speaking at the
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