Regulatory relief for some bigger banks could be on the way, senior Fed official says

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Regulatory relief for some bigger banks could be on the way, senior Fed official says

Regulatory relief for some bigger banks could be on the way, senior Fed official says

CNBC-

Banks with more than $250 billion in assets could see regulatory relief as the Federal Reserve continues to review regulations, the central bank’s vice chair for supervision of financial institutions said Tuesday.

Speaking to members of the Senate, Fed Governor Randal Quarles said size alone shouldn’t be the determining factor in how banks are governed. Instead, he said, a variety of factors that focus on risk profile and systemic danger should be used.

Those with more than $250 billion but not posing a threat to the system are part of a review into how post-financial crisis regulations should be tailored to fit the current climate.

[CNBC]

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