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Barr: Holistic Capital Review
Thank you to the Bipartisan Policy Center for the opportunity to speak today. I'm here to report on my holistic review of capital for large banks and to outline steps that I believe are appropriate to update our capital standards so that banks can continue to serve our communities, households, and businesses.1 The review was a top priority because capital is fundamental to safety and soundness. I approached the task with humility. We need to be skeptical about the ability of bank managers or regulators to anticipate all emerging risks. Events over the past few months have only reinforced the need for humility and ... (full story)
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FED'S BARR SAYS HE IS NOT CONSIDERING FUNDAMENTAL CHANGES TO GLOBAL SYSTEMIC BANK SURCHARGE OR COUNTERCYCLICAL CAPITAL BUFFER
— First Squawk (@FirstSquawk) July 10, 2023
FED'S BARR SAYS BANKS NEEDING TO RAISE CAPITAL COULD DO SO IN LESS THAN TWO YEARS WITH RETAINED EARNINGS, WHILE MAINTAINING DIVIDENDS
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FED'S BARR SAYS MOST BANKS ALREADY HAVE ENOUGH CAPITAL TO MEET PROPOSED NEW REQUIREMENTS
— First Squawk (@FirstSquawk) July 10, 2023
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Fed's Barr:
— DailyFX Team Live (@DailyFXTeam) July 10, 2023
-New rules will mean biggest banks need extra $2 of capital for every $100 of risk-weighted assets
-Extending enhanced capital standards to banks with $100b in assets, down from $700b threshold - WSJ.