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Biden Calls For Tougher Mid-Size Bank Regulations

  • President Biden confirms his administration is calling on regulators to tighten rules for mid-sized banks, including reinstating rules for banks with assets between $100-250B.
  • It should include liquidity requirements and enhanced liquidity stress testing, annual supervisory capital stress tests, comprehensive resolution plans, a reduction in transition periods to growing banks that are projected to exceed the USD100 billion threshold, and expanding long-term debt requirements to a broader range of banks. Each of the reforms can be accomplished under existing law, according to a White House fact sheet.
  • Market reaction is limited following yesterday’s WaPo article. The KBW banking index is little changed at -1.6% on the day, the regional banking index drifting off session lows but still -1.9%.

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