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Underwritings

The BPI Blog

RESET
June 19An Even Better Way To Combine Stress Test Results

Robert Lindgren, Bill Nelson

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

Bill Nelson

Executive Vice President and Chief Economist

Download CV
William Nelson is an Executive Vice President and Chief Economist at the Bank Policy Institute. Previously he served as Executive Managing Director, Chief Economist, and Head of Research at the Clearing House Association and Chief Economist of the Clearing House Payments Company. Mr. Nelson contributed to and oversaw research and analysis to support the advocacy of the Association on behalf of TCH’s owner banks. Prior to joining The Clearing House in 2016, Mr. Nelson was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Mr. Nelson attended Federal Open Market Committee meetings and regularly briefed the Board and FOMC. He was a member of the Large Institution Supervision Coordinating Committee (LISCC) and the steering committee of the Comprehensive Liquidity Analysis and Review (CLAR). He has chaired and participated in several BIS working groups on the design of liquidity regulations and most recently chaired the CGFS-Markets Committee working group on regulatory change and monetary policy. Mr. Nelson joined the Board in 1993 as an economist in the Banking section of Monetary Affairs. In 2004, he was the founding chief of the new Monetary and Financial Stability section of Monetary Affairs. In 2007 and 2008, he visited the Bank for International Settlements, in Basel, Switzerland, where his responsibilities included analyzing central banks’ responses to the financial crisis and researching the use of forward guidance by central banks. He returned to the Board in the fall of 2008 where he helped design and manage several of the Federal Reserve’s emergency liquidity facilities. Mr. Nelson earned a Ph.D., an M.S., and an M.A. in economics from Yale University and a B.A. from the University of Virginia. He has published research on a wide range of topics including monetary policy rules; monetary policy communications; and the intersection of monetary policy, lender of last resort policy, financial stability, and bank supervision and regulation.

Articles Written by Bill Nelson

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

October 18

Constructive Disambiguity About the Discount Window

October 1

Two Little-Noticed and Self-Inflicted Causes of the Fed’s Current Monetary Policy Implementation Predicament

An Even Better Way To Combine Stress Test Results

A few months ago, we wrote a post, “A better way to combine stress test results,” in which we proposed a way the Fed could combine the results of multiple… Continue Reading

Bank Capital and Stress Testing (Research), Blog, Research

October 26, 2018

Francisco Covas, Robert Lindgren

Francisco Covas

Senior Vice President, Head of Research

Download CV
Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

November 26

The GSIB Surcharge and Repo Markets

November 20

Quantifying Just How High U.S. Capital Requirements Are

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

A recent Federal Reserve staff paper by Lorenc and Zhang (2018) (henceforth LZ) looks at the relationship between bank failures on real economic activity and finds that the impact of… Continue Reading

Research, Systemic Risk and TBTF

September 13, 2018

Francisco Covas, Robert Lindgren

Francisco Covas

Senior Vice President, Head of Research

Download CV
Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

November 26

The GSIB Surcharge and Repo Markets

November 20

Quantifying Just How High U.S. Capital Requirements Are

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

The Bank Conditions Index (BCI), which provides a summary measure of the condition of the U.S. banking system, rose in the second quarter of 2018 as shown in the chart… Continue Reading

Bank Capital and Stress Testing (Research), Bank Conditions and Credit Availability, Bank Liquidity (Research), Research, Systemic Risk and TBTF

July 16, 2018

Bill Nelson, Robert Lindgren

Bill Nelson

Executive Vice President and Chief Economist

Download CV
William Nelson is an Executive Vice President and Chief Economist at the Bank Policy Institute. Previously he served as Executive Managing Director, Chief Economist, and Head of Research at the Clearing House Association and Chief Economist of the Clearing House Payments Company. Mr. Nelson contributed to and oversaw research and analysis to support the advocacy of the Association on behalf of TCH’s owner banks. Prior to joining The Clearing House in 2016, Mr. Nelson was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Mr. Nelson attended Federal Open Market Committee meetings and regularly briefed the Board and FOMC. He was a member of the Large Institution Supervision Coordinating Committee (LISCC) and the steering committee of the Comprehensive Liquidity Analysis and Review (CLAR). He has chaired and participated in several BIS working groups on the design of liquidity regulations and most recently chaired the CGFS-Markets Committee working group on regulatory change and monetary policy. Mr. Nelson joined the Board in 1993 as an economist in the Banking section of Monetary Affairs. In 2004, he was the founding chief of the new Monetary and Financial Stability section of Monetary Affairs. In 2007 and 2008, he visited the Bank for International Settlements, in Basel, Switzerland, where his responsibilities included analyzing central banks’ responses to the financial crisis and researching the use of forward guidance by central banks. He returned to the Board in the fall of 2008 where he helped design and manage several of the Federal Reserve’s emergency liquidity facilities. Mr. Nelson earned a Ph.D., an M.S., and an M.A. in economics from Yale University and a B.A. from the University of Virginia. He has published research on a wide range of topics including monetary policy rules; monetary policy communications; and the intersection of monetary policy, lender of last resort policy, financial stability, and bank supervision and regulation.

Articles Written by Bill Nelson

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

October 18

Constructive Disambiguity About the Discount Window

October 1

Two Little-Noticed and Self-Inflicted Causes of the Fed’s Current Monetary Policy Implementation Predicament

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

Which LCR Fits Best: A Tailoring Analysis

There is widespread consensus that bank regulations should be suited to the size and complexity of an institution. To further that objective, the Fed has indicated that it is reconsidering whether… Continue Reading

Bank Liquidity (Research), Research

June 29, 2018

Brett Waxman, Francisco Covas, Robert Lindgren

Brett Waxman

Senior Vice President, Senior Associate General Counsel

Brett Waxman is a Senior Vice President, Senior Associate General Counsel for the Bank Policy Institute. Previously, he served as Managing Director and Associate General Counsel at The Clearing House, overseeing a broad range of commercial banking, finance and risk matters.  Mr. Waxman was responsible for leading the Association’s advocacy efforts, including drafting comment letters and meeting with the federal bank regulatory agencies on a variety of capital, liquidity, stress testing and risk management issues.  He was the principal staff adviser to The Clearing House’s Chief Risk Officer Summit and supports the Chief Financial Officer Summit. Mr. Waxman joined The Clearing House after serving as a corporate associate with the law firm of Willkie Farr & Gallagher LLP in New York City.  He represented public and private companies as well as financial institutions on various strategic transactions, including mergers & acquisitions, corporate restructurings, credit facilities and joint ventures. Mr. Waxman is a graduate of Harvard Law School and earned his B.A. in economics and psychology at Tufts University.

Articles Written by Brett Waxman

September 3

Impending Money Market Volatility Prompts Warning Light for LCR Tune-Up

March 7

The Banking Agencies and Leveraged Lending: A Case Study in the Hazards of “Macroprudential” Regulation

June 29, 2018

The Fed Increases Large Banks’ Capital Requirements

Francisco Covas

Senior Vice President, Head of Research

Download CV
Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

November 26

The GSIB Surcharge and Repo Markets

November 20

Quantifying Just How High U.S. Capital Requirements Are

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

The Fed Increases Large Banks’ Capital Requirements

Yesterday, the Federal Reserve released the results of the 2018 Comprehensive Capital Analysis and Review (CCAR).  As described in previous TCH’s posts, the 2018 results were crucially driven by the… Continue Reading

Bank Capital and Stress Testing (Policy), Bank Capital and Stress Testing (Research), Research

June 22, 2018

Francisco Covas, Bill Nelson, Robert Lindgren

Francisco Covas

Senior Vice President, Head of Research

Download CV
Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

November 26

The GSIB Surcharge and Repo Markets

November 20

Quantifying Just How High U.S. Capital Requirements Are

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

Bill Nelson

Executive Vice President and Chief Economist

Download CV
William Nelson is an Executive Vice President and Chief Economist at the Bank Policy Institute. Previously he served as Executive Managing Director, Chief Economist, and Head of Research at the Clearing House Association and Chief Economist of the Clearing House Payments Company. Mr. Nelson contributed to and oversaw research and analysis to support the advocacy of the Association on behalf of TCH’s owner banks. Prior to joining The Clearing House in 2016, Mr. Nelson was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Mr. Nelson attended Federal Open Market Committee meetings and regularly briefed the Board and FOMC. He was a member of the Large Institution Supervision Coordinating Committee (LISCC) and the steering committee of the Comprehensive Liquidity Analysis and Review (CLAR). He has chaired and participated in several BIS working groups on the design of liquidity regulations and most recently chaired the CGFS-Markets Committee working group on regulatory change and monetary policy. Mr. Nelson joined the Board in 1993 as an economist in the Banking section of Monetary Affairs. In 2004, he was the founding chief of the new Monetary and Financial Stability section of Monetary Affairs. In 2007 and 2008, he visited the Bank for International Settlements, in Basel, Switzerland, where his responsibilities included analyzing central banks’ responses to the financial crisis and researching the use of forward guidance by central banks. He returned to the Board in the fall of 2008 where he helped design and manage several of the Federal Reserve’s emergency liquidity facilities. Mr. Nelson earned a Ph.D., an M.S., and an M.A. in economics from Yale University and a B.A. from the University of Virginia. He has published research on a wide range of topics including monetary policy rules; monetary policy communications; and the intersection of monetary policy, lender of last resort policy, financial stability, and bank supervision and regulation.

Articles Written by Bill Nelson

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

October 18

Constructive Disambiguity About the Discount Window

October 1

Two Little-Noticed and Self-Inflicted Causes of the Fed’s Current Monetary Policy Implementation Predicament

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

An Assessment of DFAST 2018 results through the lenses of the SCB and eSLR proposals

On June 21, the Federal Reserve released the results of the 2018 Dodd-Frank Act Stress Tests (DFAST).  In this blog post, we assess the implications of these results through the… Continue Reading

Bank Capital and Stress Testing (Policy), Bank Capital and Stress Testing (Research), Research

June 13, 2018

Francisco Covas, Bill Nelson, Robert Lindgren

Francisco Covas

Senior Vice President, Head of Research

Download CV
Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

November 26

The GSIB Surcharge and Repo Markets

November 20

Quantifying Just How High U.S. Capital Requirements Are

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

Bill Nelson

Executive Vice President and Chief Economist

Download CV
William Nelson is an Executive Vice President and Chief Economist at the Bank Policy Institute. Previously he served as Executive Managing Director, Chief Economist, and Head of Research at the Clearing House Association and Chief Economist of the Clearing House Payments Company. Mr. Nelson contributed to and oversaw research and analysis to support the advocacy of the Association on behalf of TCH’s owner banks. Prior to joining The Clearing House in 2016, Mr. Nelson was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Mr. Nelson attended Federal Open Market Committee meetings and regularly briefed the Board and FOMC. He was a member of the Large Institution Supervision Coordinating Committee (LISCC) and the steering committee of the Comprehensive Liquidity Analysis and Review (CLAR). He has chaired and participated in several BIS working groups on the design of liquidity regulations and most recently chaired the CGFS-Markets Committee working group on regulatory change and monetary policy. Mr. Nelson joined the Board in 1993 as an economist in the Banking section of Monetary Affairs. In 2004, he was the founding chief of the new Monetary and Financial Stability section of Monetary Affairs. In 2007 and 2008, he visited the Bank for International Settlements, in Basel, Switzerland, where his responsibilities included analyzing central banks’ responses to the financial crisis and researching the use of forward guidance by central banks. He returned to the Board in the fall of 2008 where he helped design and manage several of the Federal Reserve’s emergency liquidity facilities. Mr. Nelson earned a Ph.D., an M.S., and an M.A. in economics from Yale University and a B.A. from the University of Virginia. He has published research on a wide range of topics including monetary policy rules; monetary policy communications; and the intersection of monetary policy, lender of last resort policy, financial stability, and bank supervision and regulation.

Articles Written by Bill Nelson

October 24

Excluding Reserves from the Leverage Ratio Would Make Repo Market Volatility Worse

October 18

Constructive Disambiguity About the Discount Window

October 1

Two Little-Noticed and Self-Inflicted Causes of the Fed’s Current Monetary Policy Implementation Predicament

Robert Lindgren

Assistant Vice President and Research Analyst

Robert Lindgren is an Assistant Vice President and Research Analyst for the Bank Policy Institute, where he contributes to economic research on banking policy and regulation. Prior to joining BPI, Mr. Lindgren served as a research assistant at Abt Associates and Temple University and worked on education policy and microeconomic theory. Mr. Lindgren earned B.A. degrees in mathematical economics and philosophy from Temple University, where he was a Diamond Research Scholar.

Articles Written by Robert Lindgren

June 19 An Even Better Way To Combine Stress Test Results

An Even Better Way To Combine Stress Test Results

October 26, 2018

Despite Claims To The Contrary, Fed Staff Paper Does Not Convincingly Show That Economic Costs Of Failure Rise Sharply With Bank Size

September 13, 2018

Banks’ Resiliency Rose in the Second Quarter Supported by Higher Capital Levels

Estimating the LCR Haircut to the GSIB Surcharge

An important question to answer in determining whether or not to impose substantially heightened capital requirements on global systemically important banks (GSIBs) is the extent to which these new requirements… Continue Reading

Bank Capital and Stress Testing (Policy), Bank Capital and Stress Testing (Research), Bank Liquidity (Policy), Research

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