Bloomberg Tax
March 31, 2023, 10:10 AM

FINANCE BRIEFING: Biden Seeks Tougher Bank Rules After Collapses

Giuseppe Macri

The Biden administration is calling on regulators to tighten rules for mid-sized banks, the latest response to the failure of a pair of regional lenders.

Changes pitched include:

  • Reinstating rules for banks with assets between $100 billion and $250 billion — a category collapsed Silicon Valley Bank fell into — including liquidity requirements;
  • Annual stress tests for banks in that range, instead of every two years;
  • Shortening the time to apply stress tests once banks reach $100 billion in assets;
  • Strengthening supervisory tools to ensure banks can withstand rising interest rates; and
  • “Living wills” that show how banks that size ...

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