Federal Reserve Vice Chair For Supervision Michael Barr Says Extra Scenarios Would Be 'Exploratory,' And Not Dictate Bank Capital Requirements; Any Changes To Scenarios That Set Capital Requirements Would Undergo 'Transparent, Public Process'
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Vice Chair for Supervision, Michael Barr, stated that any additional scenarios would be 'exploratory' and would not dictate bank capital requirements. Changes to scenarios that set capital requirements would undergo a 'transparent, public process'.
October 19, 2023 | 5:33 pm
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The Federal Reserve's stance on bank capital requirements could indirectly affect the SPY ETF, which includes financial sector stocks.
The Federal Reserve's decisions on bank capital requirements can influence the financial sector, which is part of the SPY ETF. However, as the changes are exploratory and not dictating, the impact is uncertain.
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