Latest news with #bankcapital
Bloomberg
27-06-2025
- Business
- Bloomberg
US Regulators Says Comments on Key Bank Capital Rule Due Aug. 26
The US Federal Reserve and other bank regulators set an Aug. 26 deadline for public comments on a proposal to ease a key bank capital rule, saying they expect the amount of overall capital that big lenders would maintain as a result of their plan would 'generally stay the same.' 'Although certain depository institution subsidiaries could see greater reductions, that capital generally would not be available for distribution to external shareholders given the restrictions that apply at the bank holding company level,' the Fed said in a joint statement Friday along with the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency
Bloomberg
27-06-2025
- Business
- Bloomberg
How to Avoid Bank Safety's Death by Many Cuts
The Federal Reserve is aiming to lessen the costly fluctuations in bank capital demands created by its annual stress tests. But big lenders are pushing for more relief while the central bank is politically weakened and some board members seem keen to please the White House. The Fed must be careful not to give away too much bit by bit by tackling several different regulatory changes in a piecemeal way. A gathering of industry leaders and regulators next month to discuss an integrated review of large banks' capital requirements, which was announced by the Fed on Thursday, is the place to start. Financial safety is vulnerable right now. President Donald Trump favors looser regulation in the hopes of promoting growth and squashing what Republicans see as a political focus on climate risks and diversity efforts. At the same time, Trump is trying to undermine Fed independence by hounding Chair Jerome Powell to lower interest rates. Key board members have recently backed early cuts.
Bloomberg
20-06-2025
- Business
- Bloomberg
Economic Picture Hands Canada Bank Regulator a Tough Call on Capital
Welcome to Bay Street Edition, our weekly newsletter devoted to what's happening in Canadian finance, covering strategy, deals, people moves and economics. I'm Christine Dobby, Bloomberg's Toronto-based banking reporter, and you'll find me in your inbox every Friday. This week, we're talking about bank capital levels and what they say about the economy, Bank of Montreal's wealth-management acquisition and a call for foreign investment in Canada's aviation market. Plus: population stagnation.
RNZ News
08-05-2025
- Business
- RNZ News
Reserve Bank governor 'can't recall' all details from Willis meeting before Orr departure
Reserve Bank (RBNZ) governor Christian Hawkesby. Photo: RNZ / Dom Thomas The Reserve Bank (RBNZ) governor Christian Hawkesby can't remember all the details of a meeting with the Finance Minister in the days leading up to the departure of former governor Adrian Orr. The previous governor, along with Hawkesby - who was then deputy - and board chair Neil Quigley, met Nicola Willis on 24 February, nine days before Orr's sudden departure. At Thursday's Finance and Expenditure Committee meeting, Hawkesby said the controversial bank capital requirements were discussed at the meeting - at the request of Willis. He noted it was "not unusual" for government ministers to request briefings. The new details have emerged just as the RBNZ launches a review into bank capital requirements, which has drawn criticism from banks for being too onerous. Finance Minister Nicola Willis. Photo: Reece Baker When pressed by Labour's finance spokesperson Barbara Edmonds on whether Willis personally asked for a review into capital settings, Hawkesby was vague. "I can't recall all the details of the meeting and it's not something that I sort of generally get into," Hawkesby said. "The decision to do a capital review was the Reserve Bank's - it was our decision." On Wednesday, during a press conference after the release of the RBNZ's latest Financial Stability Report, Hawkesby said the central bank was not committed to any one outcome from the review. The RBNZ released the terms of reference of its review, which would draw on the Commerce Commission's banking report, which in part blamed the capital requirements for limiting competition. At the time, the central bank rejected the Commission's view, which were defended by former governor Orr. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
