© Reuters. SUBMIT IMAGE: Indications describing Federal Deposit Insurance coverage Corporation (FDIC) and other banking policies are revealed on the counter of a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Picture
WASHINGTON (Reuters) – The head of the Federal Deposit Insurance coverage Corporation stated Thursday that bank regulators are thinking about using an approaching set of more stringent capital guidelines to banks with over $100 billion in possessions.
FDIC Chairman Martin Gruenberg stated the spring chaos in the banking sector revealed companies of that size posture a threat to the monetary system and benefit more stringent oversight. He stated firms will propose brand-new capital guidelines to execute a worldwide bank guideline arrangement in the future, however will likely not finish the guidelines prior to the middle of 2024.
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