WASHINGTON, June 22 (Reuters) - The head of the Federal Deposit Insurance Corporation said Thursday that bank regulators are considering applying an upcoming set of stricter capital rules to banks with over $100 billion in assets.
"If we had any doubt that the failure of banks in this size category can have financial stability consequences, that has been answered by recent experience," he said in prepared remarks.
"The lesson to take away is that banks in this size category can pose genuine financial stability risks."
He added agencies will propose new capital rules to implement an international bank rule agreement in the near future, but will likely not complete the rules before the middle of 2024.
But Gruenberg argued it was critical, particularly in the wake of the spring bank failures, for regulators to get tougher rules in place.
Persons:
Martin Gruenberg, Gruenberg, Pete Schroeder, Nick Zieminski
Organizations:
Federal Deposit Insurance Corporation, Thomson
Locations:
Basel, U.S