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US OCC's Hsu floats rule for banks to have enough liquidity to cover five-day stress outflows

( January 18, 2024, 15:19 GMT | Official Statement) -- MLex Summary: Michael Hsu, acting US Comptroller of the Currency, floated the idea of a rule requiring mid-sized and large banks to use the Federal Reserve's discount window to cover stress outflows over a five-day period. "The adoption of a new, well-crafted regulatory requirement could help de-stigmatize the discount window while maintaining the anti-bailout conservatism of existing liquidity regulations."Document follows....

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