US banking regulators are looking to capital charges as they take aim at operational risk. At a recent Brookings Institution event, Martin Gruenberg, Chair of the Federal Deposit Insurance Corp (FDIC), discussed proposals for regulatory reforms aimed at the operating practices of large regional banks, which target capital requirements, bank oversight, and deposit insurance pricing.
This proposal follows a series of bank failures earlier in the year. "It makes a compelling case for action by the federal bank regulatory agencies to address the underlying vulnerabilities that made the failure of these institutions possible," Gruenberg said.
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