Fed's Barr Warns Looser Bank Rules Could Raise Financial Stability Risks for US Lenders
Updated
Updated · Bloomberg · Jun 6
Fed's Barr Warns Looser Bank Rules Could Raise Financial Stability Risks for US Lenders
3 articles · Updated · Bloomberg · Jun 6
Summary
Michael Barr said recent moves by the Federal Reserve and other agencies to ease rules for US lenders would weaken bank regulation and supervision.
Prepared remarks released Saturday quoted the Fed governor saying the changes could undermine banks' safety and soundness and lift broader financial stability risks.
Barr said the vulnerabilities from deregulation may not be visible now but could build over years and eventually threaten serious harm to the US economy.