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(Reuters) – Deputy Vice-Supervisory of US Federal Reserve wants to review confidential ratings for the health of the country’s largest banks, the Wall Street Journal reported on Friday.
According to the report, if any amendment to the control ratings of the Central Bank, if any amendments to the report, some bank examinations are concerned with some bank examinations.
Fed, new ratings of 100 billion or more active for US banks, the Senate Michel Bowman informed people who are familiar with the issue until the new best banker.
When contacted by Federal Reserve Reuters refused to comment.
Bowman, Fed’s highest regulation post, was nominated by President Donald Trump for the role of control. A former Society banker served in the Fed’s management staff since 2018.
The Biden administration was vocal about the efforts of the efforts to apply hard rules in the financial sector, and a number of regulatory means of a number of regulators placed in the Fed are fluttering a number of regulatory tools accused of watching the biggest lender.
One-third of the largest US banks received a satisfactory rating in the control and regulatory report of the Fed, which caused criticism of organizations.
The Central Bank uses ratings to judge the material health and risk management of banks based on capital, liquidity and management.
The Fed has already begun the process of determining the next year’s banking scores, but Bowman is expected to change the calculation of these scores.
(Notification by Pritam Biswas in Bengaluruda; adjusted by shalesh kuber)
