Top banks may have to increase their capital buffers by 20%, report says
But the new rules will apply to more banks, namely those with at least $100 billion in assets. That's compared to the current threshold of $250 billion that triggers regulators' stiffest capital rules. Silicon Valley Bank had about $209 billion in assets before its collapse.
The tougher rules will apply to megabanks even though they received influxes of deposits as customers fled smaller lenders and flocked to"too big to fail" banks. And stricter requirements could result in banks charging customers more for services. Still, Federal Reserve Vice Chair for Supervision Michael Barr told Congress last month that,"The banking system might need additional capital to be more resilient precisely because we don't know the nature of the kinds of ways we might experience shocks to the system, as has happened with these recent bank failures."
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