By Neil Roland ( July 2, 2026, 19:01 GMT | Insight) -- The US Federal Reserve’s proposal for Global Systemically Important Bank surcharges ignores real-life experience with the 2023 banking crisis, the non-profit, non-partisan Better Markets group said. A posting by the group Wednesday from Christopher Appel, a former Fed and Treasury official over the last three administrations, said all eight US GSIBs should face substantially higher surcharges than proposed by the Fed. “Our analysis suggests that the Fed is seriously missing the mark,” the posting said. “Until the Fed completes its own rigorous review, it cannot conclude that GSIB surcharges are too high.”The US Federal Reserve’s proposal for Global Systemically Important Bank surcharges ignores real-life experience with the 2023 banking crisis, the non-profit, non-partisan Better Markets group said....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.