Major changes could be in store for the post-crisis regulatory structure that has been built over the past eight years.
The Fed and the FDIC gave the five banks whose plans were deemed “not credible” until October 1 to make them acceptable to those agencies.
Officials are weighing stricter capital standard for biggest U.S. banks.
Dodd-Frank requires all banks with consolidated assets greater than $50 billion (often called “bank SIFIs”) to submit living wills.
Federal Reserve Governor Lael Brainard will provide her perspectives on the future of regulatory reform and implementation five years after the passage of Dodd-Frank.
Federal Reserve Board Governor Lael Brainard provided her perspectives on the future of regulatory reform and implementation.