Randal Quarles

Fed will lift limits on capital distributions for some banks — but not until 3Q

03/25/21

For banks that pass this year’s stress tests, the Federal Reserve said it will eliminate the restrictions on dividends and share buybacks while subjecting those institutions instead to the stress capital buffer.

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Fed’s Quarles aims to clear up confusion about Libor deadline

03/22/21

Legacy contracts using the London interbank offered rate — which is set to be phased out at the end of this year — were granted a reprieve to mid-2023. However, there is no wiggle room on when the rate will expire for new deals, said Federal Reserve Vice Chairman Randal Quarles.

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Industry was strong enough without dividend, buyback curbs: Quarles

02/25/21

The Federal Reserve imposed the restrictions after conducting supplemental stress tests tied to the pandemic. But Vice Chair of Supervision Randal Quarles says it is now clear banks would have had sufficient capital regardless.

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Fed details stress-test scenarios for 2021

02/12/21

Nineteen of the nation's largest banks must show how they'd withstand pressures in the commercial real estate and corporate debt markets that would accompany a severe global recession.

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Fed's exam ratings system needs upgrade, Quarles says

12/11/20

The central bank is exploring how to improve the consistency and transparency of safety and soundness scores used to grade banks and their holding companies, the agency’s vice chairman of supervision said.

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Fed asking why banks aren't lending more

12/02/20

Vice Chairman of Supervision Randal Quarles said the agency wants to figure out why banks are holding on to capital that could be used more aggressively to respond to the pandemic.

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Shadow lenders poised to get tougher rules in global crackdown

11/17/20

Global regulators are preparing to tighten restrictions on companies believed to have threatened the financial system at the height of pandemic-fueled volatility.

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Fed’s Quarles casts doubt on permanent capital relief for big banks

10/14/20

Regulators in the spring temporarily eased a key benchmark of balance-sheet strength to allow institutions to help customers navigate the pandemic, but Federal Reserve Vice Chairman Randal Quarles said it would be “premature” right now to suspend it for good.

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Fed offers details on additional bank stress test triggered by COVID-19

09/17/20

The agency has scheduled an extra assessment of institutions' strength to incorporate more recent economic data during the pandemic.

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Shadow bank weaknesses forced Fed's market rescue, Quarles says

07/15/20

A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders: They were a big factor in why central banks had to save markets earlier this year, and much more needs to be done to assess the risks posed by the sector.

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