The Federal Reserve is expected to issue a new rule in the coming months involving a long-term debt requirement for banks' emergency plans, a top Fed official said on Thursday.
The central bank is also willing to consider raising certain thresholds for financial industry regulations put in place after the 2010 Wall Street reform law, Fed Governor Daniel Tarullo said in prepared remarks.
Tarullo, the Fed's top bank regulator, repeated his view that the threshold for the law's Volcker rule and its incentive compensation restrictions could be increased to firms with $10 billion or more in assets, from $1 billion now.
The central bank is also willing to consider raising certain thresholds for financial industry regulations put in place after the 2010 Wall Street reform law, Fed Governor Daniel Tarullo said in prepared remarks.
Tarullo, the Fed's top bank regulator, repeated his view that the threshold for the law's Volcker rule and its incentive compensation restrictions could be increased to firms with $10 billion or more in assets, from $1 billion now.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%