Opening Remarks
· Jerome H Powell, Chair of the Federal Reserve (United States)
Summary written by Dark Majestic in its own words · topics: financial stability
JH · Jerome H Powell Wiki · Federal Reserve WikiOpening RemarksContextOpening remarks by Jerome Powell at the Fed conference on the capital framework for large banks in Washington, D.C.
Why it mattersThe Fed reviews whether its overlapping capital requirements fit together, a step toward lighter burdens on the largest lenders.
Problems raised- Bank capital rules have many overlapping parts.
- The pieces may not work well together.
- Rules for large banks need review.
Solutions proposed- Review the capital framework in an integrated way.
- Make risk, leverage, surcharge and stress test rules consistent.
- Listen to new ideas and feedback.
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