A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to se...
WASHINGTON - A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.
The proposal is subject to public comment and will likely face resistance from Democratic lawmakers and consumer groups, who have warned that chipping away at regulations put in place following the 2007-2009 financial crisis could sew the seeds of the next one. FDIC Chairman Jelena McWilliams, a Trump appointee, said large banks now have multiple checks and buffers in place, and that repealing the “inter-affiliate” margin requirement could help free up bank liquidity.
At the same meeting, the FDIC also proposed delaying rules that would require smaller funds to post margin for derivatives transactions. The proposal brings the FDIC in line with the Basel Committee of global banking regulators, which already agreed to postpone to September 2021 that requirement for the smallest firms.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
In the Big Apple, a big contrast between two campaignsFirst Read is your briefing from 'Meet the Press' and the NBC Political Unit on the day's most important political stories and why they matter.
Consulte Mais informação »
Europe's big banks at risk of collapsing if negative interest rates continue: EIULarge banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.
Consulte Mais informação »
U.S. banking regulator proposes easing post-crisis derivatives rules for big banksA U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on ho...
Consulte Mais informação »
Mike 'The Situation' Sorrentino Has Big Plans After Prison ReleaseMike 'The Situation' Sorrentino has big plans following his recent release from prison.
Consulte Mais informação »
Move Over, Neon Green—This Is the Next Big Color Trend, According to Fashion WeekVitamin-C infused fashion, anyone? 🍊🍊
Consulte Mais informação »
'Big Brother' Blowout: The Explosive House Meeting and Epic Lies that Flipped the VoteWe finally see the explosive house meeting where Michie lies to Tommy's face, and how he convinced Nicole and Cliff to flip the script -- plus, a new Head of Household.
Consulte Mais informação »