Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The Federal Reserve Board Thursday announced individual capital requirements for large banks, effective Oct. 1, partly determined by supervisory stress test results.
Earlier on Thursday, the Fed board considered a sweeping plan to make the banking industry raise more funds to guard against potential losses. The Fed Board voted 4-2 for the proposal, a rare level of dissension on central bank regulations. The document would raise capital requirements by as much as 19% on the biggest banks to provide a cushion against setbacks and reduce their reliance on debt and deposits.
Michelle Bowman and Christopher Waller, both appointees of former President Donald Trump, voted no on the proposal.
Source: Federal Reserve Board
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.