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Keith Noreika Quoted in IFLR on The Fed’s Easing of Supplementary Leverage Ratio Rules
04.20.20
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Partner Keith Noreika was quoted in an IFLR article that analyzed the Federal Reserve’s easing of the calculation of the supplementary leverage ratio for some of the largest U.S. banks amidst the coronavirus pandemic to allow the banks to replace treasuries with corporate and commercial loans. When discussing the Fed’s rationale behind this move, Keith said, “It's not to allow banks to pay dividends to shareholders or engage in stock buybacks or anything like that. It is to increase their ability to lend to companies in need. The other agencies will come along. It's good that regulators are being proactive about it."
To read the full article, please click here (subscription required).