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发帖数: 2273 | 1 WASHINGTON (Reuters) — The Federal Reserve on Tuesday proposed new capital
and liquidity rules for the largest American banks that would be rolled out
in two phases and would probably not go further than international standards.
The Fed said that both the capital and liquidity requirements required by
last year’s Dodd-Frank financial oversight law would be carried out in two
phases.
The first phase would rely on policies already issued by the Fed, like the
capital stress-test plan it released in November.
That stress-test plan will require American banks with more than $50 billion
in assets to show they can meet a Tier 1 common risk-based capital ratio of
5 percent during a time of economic stress.
The second phase for both capital and liquidity would be based on the Fed’s
adoption of the Basel III international bank regulatory agreement. That
standard brings up the Tier 1 common risk-based capital ratio requirement to
7 percent, plus a surcharge of up to 2.5 percent for the most complex firms.
The Fed is waiting on the Basel Committee on Banking Supervision to flesh
out its own liquidity recommendations before setting out United States
requirements, but the central bank said it initially would hold American
banks to a qualitative liquidity standard.
The proposals released on Tuesday are mandated by the 2010 Dodd-Frank law,
enacted in response to the financial crisis.
Under the Dodd-Frank law, the Fed is charged with providing more oversight
of the largest financial firms in the United States. This includes all banks
with more than $50 billion in assets, like Goldman Sachs, JPMorgan Chase
and Citigroup.
It also includes supervision of any financial firm the government identifies
as being important to the functioning of financial markets and the economy.
The government has yet to decide which nonbanks, like insurance companies
and hedge funds, meet this standard.
The Fed said that when such companies were designated it might “tailor”
the rules, which were drafted mostly with banks in mind, to better fit that
particular company or industry.
The proposed rules also try to limit the dangers of big financial firms
being heavily intertwined. It would limit the credit exposure of big banks
to a single counterparty as a percentage of the firm’s regulatory capital.
The credit exposure between the largest of the big banks would be subject to
an even tighter limit.
The proposals will be put out for public comment through March 31, 2012. |
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