WASHINGTON, March 30 (Reuters) - The Biden
administration proposed a list of new measures Thursday that it
says can be done without Congress, including telling midsized
banks to hold more liquid assets, increase their capital, submit
to regular stress tests and write "living wills" that detail how
they can be wound down.
"These are all actions that can be taken under existing law
and as a result, there's no need for congressional action in
order to authorize the agencies to take any of these steps,"
said a senior White House official.
(Reporting by Andrea Shalal and Pete Schroeder; editing by Rami
Ayyub)
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