U.S. Federal Reserve wants to conduct tests on the capital adequacy of banks each year

The U.S. Federal Reserve (Fed) wants to conduct tests on the capital adequacy of banks each year, and those who does not conform to deprive dividends. writes about this on Thursday the newspaper "Vedomosti". According to the publication, the draft of new rules must be approved by the Board of Governors Federal Reserve and in the next few weeks, submitted for public discussion. The top managers of banks have already started to discuss this proposal with members of the Fed, which does not want to again prevent overly generous payments to shareholders, because of what the crisis, many banks were undercapitalized. In 2009, the Fed forced to undergo stress tests of the 19 largest U.S. banks, like the newspaper. According to their results, 10 banks have had a capital of almost $ 75 billion. Bank of America (BofA) have to find additional 33.9 billion, Wells Fargo - 13,7 млрд, GMAC - 11,5 млрд, Citigroup - 5,5 млрд, Morgan Stanley - 1 , 8 billion in March, the Fed plans reviewed 19 largest banks for capital adequacy, and many of them are allowed to increase dividends and repurchase its own shares. But some, including BofA, will submit the plan again, because the first version of the controller did not accept. If banks want to increase dividends and repurchase its shares during the period between stress tests, they will give the Fed the new capital plan. Fed Chairman Ben Bernanke urges banks to demonstrate that they have "good risk management systems, and capital adequacy would" deal with potential losses on the scenario stress tests "and" confident "match the recently adopted international standards for capital." We also looked at capital adequacy requirements of the banking system as a whole, to be sure that bank loans will be available to families and businesses, even if the state economy will be worse than expected "- said Bernanke. Some American bankers have complained that restrictions on capital are too high. European officials, by contrast, criticized the Fed is that it is too soon after the crisis has allowed banks to increase dividends. European regulators force undergo stress tests 90 largest local bank, or two thirds of the sector. The materials Gazette