FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Fed proposes GSIB rule in response to Basel standards
|
Banking
Tuesday, December 16, 2014
|
|
The perception of “too big to fail” reduced incentives for larger, more systemically important companies to discipline excessive risk-taking and created competitive distortions that were unfair to smaller companies. To address this misperception and to continue its duties under Section 165 of the Dodd-Frank act, the Federal Reserve Board has proposed a rule in response to Basel’s international standards for global systemically important banks. And guess what – it is more stringent.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories