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U.S. Fed to reconsider 'stress capital buffer' plan: official

Kitco News

WASHINGTON (Reuters) - Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a capital rule known as the “stress capital buffer” due to industry concerns.

Speaking at a conference in Washington, Quarles said the regulator should also ease a key element of its annual stress tests that allows the regulator to fail firms on operational grounds. The changes are part of a broader Fed effort to streamline its stress-testing process, a post-crisis tool that banks say have become far to onerous.

Reporting by Michelle Price; Editing by Susan Heavey and Chizu Nomiyama

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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