White House Looking to Toughen Rules for Midsize Banks
The White House is planning to recommend tougher rules for midsize banks after the collapse of two lenders earlier this month sent tremors through the banking system, reported the Wall Street Journal.
The recommendations, which could be announced as soon as this week, are expected to call for new rules from the Federal Reserve and other agencies, including for banks with $100 billion to $250 billion in assets, the WSJ reported.
The Fed is already reconsidering several rules related to those banks after Silicon Valley Bank and Signature Bank failed. Options include tougher capital and liquidity requirements, along with steps to strengthen annual “stress tests” that assess banks’ ability to weather a hypothetical severe downturn.
The recent concerns about U.S. banks have centered on regional lenders that are perceived to be at risk of customers pulling deposits. Both SVB and Signature had large amounts of uninsured deposits.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).