We learnt this month that the US Federal Reserve had decided not to raise the countercyclical capital buffer required of banks above its current level of zero, even though the US economy is at a cyclical peak. It also removed “qualitative” grades from its stress tests for American banks, though not for foreign ones. Finally, the Financial Stability Oversight Council, led by Steven Mnuchin, US Treasury secretary, removed the last insurer from its list of “too big to fail” institutions.
盡管美國經濟正處于周期的頂峰,美聯儲(Fed)本月卻決定不上調目前為零的銀行逆周期資本緩沖率。美聯儲還取消了本國銀行壓力測試中的“定性”測試部分,不過外國銀行不包括在內。最后,由美國財長史蒂芬?姆努欽(Steven Mnuchin)領導的金融穩定監督委員會(Financial Stability Oversight Council)把其“大到不能倒”機構名單中的最后一家保險公司也移除了。