Reply to What's going on at the FDIC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Probably not just about bank failures:

https://finance.yahoo.com/news/fdic-thrown-into-turmoil-amid-push-for-biggest-us-banking-rules-overhaul-since-2008-160034933.html[/quote]

True, the proposed capital rule is surely a factor, but Gruenberg and others justify the high charges as what is needed to prevent another SVB, Signature or First Republic type failure. In other words, a view that is was not a failure of supervision but one of regulation.

[b]The D member on the FDIC board from the OCC[/b] likely was not all that on board with the excesses of the proposed rule that Gruenberg pushed and would probably work with the Rs if Gruenberg were not there.[/quote]

Are you talking about this guy?

"I support the notice of proposed rulemaking to revise the capital requirements applicable to large banking organizations and banking organizations with significant trading activity  ....   Recent events demonstrated the effects that stress at a few large, regional banking organizations could have on the stability, public confidence, and trust in the banking system. While the recent events may be attributed to a variety of factors, the effect on financial stability supports further alignment of the regulatory capital framework across all large banking organizations with $100 billion or more of assets." 
https://www.occ.gov/news-issuances/news-releases/2023/nr-occ-2023-79a.pdf
https://www.occ.treas.gov/news-issuances/news-releases/2023/nr-occ-2023-95.html

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