Legislators questioned prudential regulators on (i) diversity in banking, (ii) the regulatory response to the COVID-19 pandemic, and (iii) the changing regulatory landscape due to climate change, cybersecurity, and digitization.
News & Insights
In its May 2021 Financial Stability Report, the Federal Reserve Board reviewed current conditions that may reflect vulnerabilities to the stability of the financial system.
After June 30, banks with capital levels above the minimum risk-based requirements under the current round of stress tests will no longer be subject to COVID-19 related and other restrictions on bank dividends and share repurchases.
The Federal Reserve Board, the FDIC and the OCC announced that the temporary supplementary leverage ratio, modified in May 2020 to exclude U.S. Treasury securities and central bank reserves, will expire, as scheduled, on March 31.
U.S. House Financial Services Committee Chair Maxine Waters urged the banking agencies "to not extend temporary exemptions or make any other reforms to weaken big bank capital and leverage requirements."