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    Powell (Fed)

    Fed member Jerome Powell has been speaking in Washington DC this afternoon and made the following comments:

    • Likely to add capital surcharge to stress tests for big banks
    • Result will be a substantial increase in capital requirements
    • It won’t be dollar for dollar

    Nothing related to the economy in general or monetary policy but these quotes may be of particular interest for banks and their stakeholders.

     

    Any person acting on this information does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.


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