- The Fed is working on a plan to raise the asset thresholds that trigger stricter oversight of big banks, according to four people with knowledge of the matter.
- The plan could lift the $700 billion threshold to around $960 billion, letting some lenders avoid costly additional regulation.
- The Fed could propose reindexed thresholds later this year, per three sources.
- The changes could spur consolidation among mid-size banks, according to four sources.
Quotes
“Fed could propose reindexed thresholds later this year, three sources say”
“Plan could lift $700 billion threshold to around $960 billion, sources say”
“Changes could spur mid-size bank consolidation, four sources say”