Large financial institutions may need to make significant and potentially costly structural changes to comply with new U.S. “living will” requirements, bank regulator Sheila Bair said on Monday. Get the full story »
Inside these posts: Financial regulators
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
SEC extending ‘circuit breakers’ for 4 months
Federal regulators are extending, for four months, the curbs put in after the May 6 market plunge that briefly halt trading of some stocks that make big price swings. Get the full story »
Banks get years to adjust to global capital rules
The building of the Bank for International Settlements, BIS, in Basel, Switzerland. (AP/Georgios Kefalas)
Bankers and analysts said new global rules could mean less money available to lend to businesses and consumers, but praised a decision to give them plenty of time — until 2019 — before the so-called Basel III requirements come into full force.
The rules, which will gradually require banks to hold greater capital buffers to absorb potential losses, are likely to affect the credit industry by imposing stricter discipline on credit cards, mortgages and other loans. Get the full story »
