Brainard hits back again at ‘tailoring’ regulations
Resolution plan changes and potential loosening of swap margins leave the system less safe, Fed governor warns
Lael Brainard has again publicly criticised the Federal Reserve’s softening of regulation, as US regulators finalised plans to reduce the resolution requirements for some banks and loosen swap margin rules.
“Today’s rule goes beyond the requirements of S.2155 in ways that may weaken the resolution planning process for very large banking firms and leave the system less safe,” Brainard warned in a statement.
She also criticises the proposals to change the swap margin rules without strengthening
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