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A less complicated regime, simply requiring higher levels of loss-absorbing equity capital, would be both safer and less onerous. Such a reform would ensure banks have enough capacity to bear inevitable losses, strengthen the broader financial system and free regulators from the need to quantify every potential risk ....
Federal Reserve Chair Jerome Powell said that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large US banks this spring. ....