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US Fed imposes individual capital requirements for large banks following stress tests, rejects HSBC's appeal

( August 5, 2021, 21:08 GMT | Official Statement) -- MLex Summary: The US Federal Reserve imposed individual capital requirements for all large banks effective Oct. 1 in the wake of stress tests earlier this year. These banks will hold about $1 trillion in high-quality capital, enough to survive a “severe” recession and still lend to households and businesses, the central bank said. The Fed upheld its stress test results for HSBC North America, which had requested reconsideration, but directed staff to examine more closely issues raised for next year’s stress tests. Statement and document follow below:...

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