US regulators approve new-look liquidity rule despite opposition
Jelena McWilliams, FDIC chairwoman (Credit: University of Michigan's Ford School / Flickr)
US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.
To read more
Register for free access to GBRR
Global Banking Regulation Review is an essential platform for in-house and private practitioners covering the latest reforms in compliance, conduct and prudential regulation affecting the world’s largest banks.
Register now