Fed Vice Chair for Supervision will pursue multiple regulatory initiatives saying the recent bank failures underlined the need for regulators to bolster resilience in the system.
WASHINGTON, July 10 (Reuters) – The Federal Reserve’s top regulatory official laid out a sweeping plan to increase capital requirements for the nation’s largest banks in the wake of recent bank failures, a move that was immediately met with criticism from the industry. In a widely-anticipated speech, Fed Vice Chair for Supervision Michael Barr said …