Fed Proposes Tougher Risk Rules For Big Banks

Law360, New York (December 20, 2011, 5:16 PM EST) -- The Federal Reserve Board recommended new rules Tuesday that would require the nation's largest banks to reduce their risk taking and boost their capital and liquidity cushions to avoid a repeat of the 2008 financial crisis and the government bailouts that followed.

In a long-awaited proposal mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fed unveiled suggested capital, leverage and liquidity requirements for banks with at least $50 billion in combined assets and nonbank financial firms deemed systemically important by the Financial...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.