Tuesday that will require regional banks to issue debt and bolster their so-called living wills. All American banks with at least $100 billion in assets will be subject to the new requirements.
In other words, some of the rules that have applied to the biggest institutions would now apply to midsize banks in order to protect the public in the event of more failures. According to the plans, lenders will have to maintain long-term debt levels equal to 3.5% of average total assets or 6% of risk-weighted assets, whichever is higher.
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