WASHINGTON–As soon as this weekend the White House is expected to recommend tougher rules for midsize banks, according to people familiar with the matter, several media outlets are reporting.
The rules are expected to target banks with $100 billion to $250 billion in assets.
As the Wall Street Journal noted the Fed is already rethinking a number of its rules related to banks in that asset peer group after Silicon Valley Bank and Signature Bank failed. Options include tougher capital and liquidity requirements, as well as steps to strengthen annual “stress tests” that assess banks’ ability to weather a hypothetical severe downturn, the Journal reported, adding the White House declined to comment.
Also Being Discussed
The Washington Post earlier reported some of the details of the administration’s planned recommendations.
White House officials have discussed calling for legislation to restore measures in the 2010 Dodd-Frank law that were rolled back during the Trump administration, the Journal added, before noting such passage would be difficult given the divide in Congress politically.