Major banks face higher capital requirements from US regulators

Major banks face higher capital requirements from US regulators
Michael Barr wants Wall Street banks to start using a standardised approach for estimating credit, operational and trading risks. (Image: Bloomberg)
Bloomberg
By Katanga JohnsonMajor banks are facing one of the biggest regulatory overhauls since the financial crisis, setting up a clash over the amount of capital that they have to set aside to weather tumult.The Federal Reserve’s top banking regulator, Michael Barr, said he wants Wall Street banks to start using a standardised approach for estimating credit, operational and trading risks, rather than relying on their own estimates. He added that the Fed’s annual stress tests should be rejiggered to better capture dangers that firms can fac...

More Finance

Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Super spin and the greenwash cycle
Finance

David Chaplin: Super spin and the greenwash cycle

Aussie ruling could have implications for NZ markets. 

David Chaplin 12 Jun 2024
FMA seeking consultation on changes to DI licences
Finance

FMA seeking consultation on changes to DI licences

The FMA is seeking consultation on changes to the Derivative Issuer licenses

Staff reporters 11 Jun 2024
ComCom files criminal charges against Kiwibank
Finance

ComCom files criminal charges against Kiwibank

Banks must invest to get their systems right, says ComCom. 

Staff reporters 11 Jun 2024