PNC Financial Services Group, Capital One Financial and US Bancorp are pressing US regulators for additional relief beyond what is already provided in a proposal to ease liquidity and stress-test requirements for small and mid-size lenders.
Executives from the three regional lenders met last week with US Federal Reserve officials to ask that measures of a bank’s relief eligibility shouldn’t stay fixed but should be indexed to industry growth, according to a posting on the website of the Federal Deposit Insurance Corporation.
Indexing “would ensure that the relative relationship between the thresholds and the size of a banking organization and the industry overall is maintained through time,” the banks told regulators.
Fed pressed by regional banks for further loosening of liquidity, stress-test relief
9 May 2019 12:02am