Sector Regulation Sector Regulation

US Fed missed opportunity to build banks' capital reserves before pandemic, Fed study says

By Neil Roland
  • 16 Apr 2021 16:50
  • 16 Apr 2021 16:50
The US Federal Reserve and other countries’ regulators missed an opportunity to boost bank lending during the pandemic by deciding not to switch on a capital cushion-builder during the pre-March 2020 economic boom, a Fed study said.

The US, Germany, Belgium and dozens of other nations didn’t activate a countercyclical capital buffer,

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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