INSIGHT- Fed may shun global risk rules banks spent billions to meet
In Reuters market news, the Federal Reserve is in the spotlight. According to Reuters, the Federal Reserve may scrap international measures aimed at assessing bank health – in favor of imposing its own rules. As a consequence, the transition is frustrating bankers who have spent billions retooling their books to meet global standards. Moreover, Fed officials are concerned that parts of a key tool that regulators have developed to measure banks’ riskiness- are flawed and can be gamed by the companies…
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