Randal Quarles

Fed official hints at changes to large-bank capital buffer


The central bank may need to rethink how it uses a tool meant to combat elevated risk in boom times, said Vice Chairman for Supervision Randal Quarles.


Simplified stress test metric will be ready by 2020: Fed’s Quarles


The Federal Reserve last year proposed consolidating many of the measures of a bank’s capital strength into a single “stress capital buffer.”


Banks sail through year's first round of stress tests


A new set of tougher scenarios did little to keep large banks from passing the most recent stress tests mandated by the Dodd-Frank Act.


Fed official hits back at criticism of central bank’s payments role


Competition from the public sector in payment services has benefited the public and should not be discounted in the development of a real-time system, said Kansas City Fed chief Esther George.


Transition from Libor to new benchmark should begin now: Fed’s Quarles


Although Libor will will not be phased out until at least 2021, Randal Quarles said making the switch early is "consistent with prudent risk management."


Small changes to stress testing could have big impact on risk, Tarullo says


Former Federal Reserve Gov. Daniel Tarullo warned that a Fed proposal to weaken the stress capital buffer, among other things, could hurt safety and soundness.


House Dems: Fed should 'enact protections' instead of deregulating


Over a dozen progressive lawmakers urged the central bank to reverse its course and protect bank regulations enacted after the financial crisis.


Brown to regulators: Be ready to discuss leveraged loans at hearing


The ranking Democrat on the Senate Banking Committee says he wants answers from the Financial Stability Oversight Council on efforts to address corporate debt risks.


The Fed’s Lael Brainard stands alone


As the central bank board proceeds with reforms easing the post-crisis regulatory regime, the Obama-appointed governor has not shied from opposing the agency’s course.


Fed seeks to clarify bank control framework


The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company.