Fed's Barr: Prepared to use all tools for any size institution to keep system safe – by eren_fxstreet Fed CentralBanks
"We are prepared to use all of our tools for any size institution as needed to keep the system safe," Federal Reserve Vice Chair for Supervision Michael Barr's prepared testimony to Congress reads, as reported by Reuters."Recent actions demonstrate we are committed to ensuring all deposits are safe."
"It appeared contagion from SVB's failure could be far-reaching and damage the broader banking system."risk management near the end of 2021." "We plan to propose long-term debt requirement for large regional banks, need to enhance stress testing, explore changes to liquidity rules."This headline doesn't seem to be having a significant impact on risk mood. As of writing, the Dow Jones Industrial Average was up 0.5% on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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