Thank you!
We have updated our privacy policy
We are always working to improve this website for our users. To do this, we use the anonymous data provided by cookies.
Federal Reserve Board votes to affirm Countercyclical Capital Buffer at current level of 0 percent miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Federal Reserve Board Votes To Affirm The Countercyclical Capital Buffer (CCyB) At The Current Level Of 0 Percent Date
18/12/2020
The Federal Reserve Board announced on Friday it has voted to affirm the Countercyclical Capital Buffer (CCyB) at the current level of 0 percent. In making this determination, the Board followed the framework detailed in the Board s policy statement for setting the CCyB for private-sector credit exposures located in the United States.
The buffer is a macroprudential tool that can be used to increase the resilience of the financial system by raising capital requirements on large banking organizations when there is an elevated risk of above-normal future losses and when the banking organizations for which capital requirements would be raised by the buffer are exposed to or are contributing to this elevated risk either directly or indirectly. The buffer could also help moderate fluctuations in the supply of credit. The CCyB is designed to be released