This week, we're shining a spotlight on a significant move by the Federal Deposit Insurance Corporation, Federal Reserve Board, and the Office of the Comptroller of the Currency. Federal banking agencies have jointly proposed a long-term debt requirement that could reshape the landscape for large banks – those with assets of $100 billion or more, but not a GSIB. I also dive into the rest of the agenda of the FDIC Board meeting from Tuesday.

My colleague Alix Prentice discusses the recent shifts in trading rules and regulatory changes under the new Financial Services and Markets Act 2023.

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Daniel Meade 
Editor, Cabinet News and Views