La Reserva Federal planea implementar nuevas reglas de reporte para los préstamos de crédito privado a bancos

Golden Finance report, May 9th, Vice Chairman Baumann of the Federal Reserve responsible for supervision stated that the Federal Reserve will introduce new regulatory reporting requirements to increase transparency for banks lending to private credit and other so-called “non-deposit financial institutions” (NDFIs). According to Baumann’s speech planned for Friday at the annual monetary policy conference at the Hoover Institution, Stanford University, California, she said: “This update requires large banks to report relevant financial information of non-deposit financial institutions they provide credit to, including total assets, net profit, and leverage ratio, in order to analyze credit underwriting and conduct ongoing risk assessments.”
Baumann pointed out that current data reporting relies on industry classification codes, which are too broad to effectively measure specific risk exposures. “The lack of granularity makes it very difficult to assess concentration risk, measure interconnections, or calibrate capital requirements based on actual risk.” Baumann believes that the regulatory reforms implemented after the 2008 financial crisis had an unintended consequence, pushing lending activities from the banking sector to non-deposit financial institutions. “Ironically, the treatment banks receive when lending to private credit funds is more favorable than when lending directly to creditworthy companies,” Baumann said, “This treatment encourages banks to provide funding to intermediaries rather than directly serving the end borrowers.” She mentioned that bank loans to non-deposit financial institutions have grown significantly, but “overall, there appears to be sufficient collateral support.” (East New Agency)