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0.000657901447383166 0.000884851946674348 0.000489601077122388 0.00330990728179602 0.00543661196054636 0.00512041126490476 0.00687481512459328 0.00786931731249812
Stock impact report

US Treasury vows 'fresh look' at bank liquidity rules [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
of bank liquidity rules, arguing existing rules are ?ineffective and impede lending. Senior Treasury and Federal Reserve officials discussed changes to ?the rules Tuesday, saying revised requirements could ensure banks utilize tools meant to keep them afloat during ?times of stress, while minimizing the amount of funds they must set aside. The remarks indicate that the Trump administration is likely to tackle liquidity rules soon, the latest step in a comprehensive overhaul of existing bank requirements. Jonathan McKernan, the Treasury's under secretary ?for domestic finance, said in ?prepared remarks at a regulatory roundtable that the current framework "has excessively and unnecessarily limited banks' ability to do what they are supposed ?to do—lend." Specifically, McKernan floated giving banks credit on their liquidity requirements when they preposition collateral at the Fed's discount window, which is a tool long meant to serve as ?a source ?of quick liquidity for banks but Show less Read more
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