Fed's Top Regulator Seeks to Beef Up Banking Reform
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The Silicon Valley Bank post-mortem is over. Now come the new regulations.
Speaking at a Bipartisan Policy Center event in Washington on Monday, Michael Barr, the Fed's vice chair of supervision, outlined proposals for additional rules to regulate the banking industry -- primarily in the form of beefing up capital requirements to help stave off another wave of agita-inducing banking runs like we saw this spring.
Source Fool.com
