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Thursday, June 16, 2016

Gruenberg Defends Post-Crisis Regulatory Record

In a Washington, D.C., speech, FDIC Chairman Martin Gruenberg defended regulators’ post-financial crisis record and argued that higher capital and liquidity requirements have not been detrimental to the banking industry.

Gruenberg said,
I believe the evidence suggests that the reforms put in place since the crisis have been largely consistent with, and supportive of, the ability of banks to serve the U.S. economy.

Gruenberg pointed to strong and widespread loan growth, continued industry profitability in the face of economic and monetary policy headwinds and a healthy and liquid bond market as evidence. He also argued that the uptick in banks’ share of loans versus nonbanks came as banks had more capital to fund loans without securitization.

Read the speech.

1 comment:

Shah said...

The statement produced by the Gruenberg made a lot of people frustrated as they would not wish the way of what Gruenberg was thinking about the current economic crisis.I need help writing an essay on various aspects of the recents changes in the financial industry in the USA.The local federal government should take some steps to provide adequate support for he business owners and the investors.

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