The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Advanced Search What's New · What's Next · Site Map · A-Z Index · Careers · RSS · All Videos · Current FAQs · Contact Us About the Fed News & Events Monetary Policy Testimony and Speeches Press Releases Regulatory Reform Banking Information & Regulation Payment Systems Economic Research & Data Consumer Information Community Development Reporting Forms Publications Home > News & Events > 2014 Banking and Consumer Regulatory Policy > Press Release--Federal Reserve Board proposes rule to further strengthen the capital positions of the largest, most systemically important U.S. bank holding companies--December 9, 2014 Opening Statement by Chair Janet L. Yellen Print Conferences Other Public Communication Good afternoon. I'd like to welcome our guests to the Federal Reserve today as we consider an important milestone in the Board's effort to mitigate the potential risks that systemically important financial companies could pose to financial stability and our economy. The proposed rule that the Board is considering today would impose a risk-based capital surcharge upon the most systemically important U.S. bank holding companies. This framework would provide incentives to these banking organizations to hold substantially increased levels of high-quality capital as a percentage of their risk-weighted assets. This, in turn, would encourage such firms to reduce their systemic footprint and lessen the threat that their failure could pose to overall financial stability. The proposed rule is an important part of the Board's efforts to establish enhanced prudential standards for the most systemic U.S. banking firms and improve the resiliency of these firms. I look forward to today's discussion of these important issues. Let me now turn to Governor Tarullo. Last update: December 9, 2014 Home | News & Events Accessibility Contact Us Disclaimer Website Policies FOIA PDF Reader