US Regulators To Double Minimum Capital Requirement For Large Banks

U.S. regulators might double minimum capital requirements for the largest banks to 6 percent of total assets, according to Bloomberg Businessweek. Yalman Onaran of Bloomberg Businessweek reports that the Federal Reserve and Federal Deposit Insurance Corp are weighing the idea of doubling the capital requirement to 6 percent of total assets for the biggest banks in the U.S., regardless of their risk. More Pressure on European Banks According to Yalman Onaran, the U.S. regulators’ stricter capital requirement would put pressure on their counterparts in the U.K. and Switzerland. Yesterday, both regulators asked their banks to enhance their ratios of capital…