Skip to main content


April 16, 2014

Yellen says Fed mulling stricter rules for Wall Street

“The U.S. Federal Reserve is considering further steps to force big banks to hold more capital, and sees a case for other stability-enhancing measures for more shadowy areas of Wall Street as well, Fed Chair Janet Yellen said on Tuesday.”

“The Fed has been pushing banks to strengthen their balance sheets since the 2007-2009 financial crisis, and last week joined other regulators in requiring the eight largest U.S. banks to increase their capital levels by some $68 billion in total.”

“There might be room for stronger capital and liquidity standards for large banks than have been adopted so far,” Yellen said in a pre-recorded video for a financial markets conference hosted by the Atlanta Federal Reserve Bank.”

“She cited a 2010 study by the Basel Committee, an international standard-setting body, that suggested tighter standards would provide economic benefits.”

“The United States is in the process of implementing new international capital and liquidity standards known as Basel III, which will be phased in between 2015 and early 2019. The rules are meant to help banks weather short-term funding crises.”

“Yellen said the U.S. central bank’s staff was “actively considering” whether even more needed to be done to address risks in the so-called short-term wholesale funding market, which is a significant source of funding for firms.”


Read full Reuters article here.

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today