Central Banks
Fed Turns Down Bank Lobby’s Bid to Alter How Regulators Evaluate, Rate Lenders
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Erin Scott/BloombergThis article is for subscribers only.
The Federal Reserve on Friday rejected a bank industry group’s request to revise how regulators evaluate and rate lenders.
The central bank said the Bank Policy Institute wanted the agencies to adopt an “explicit purpose” for the so-called CAMELS rating system, as well as change the methodology for determining a firm’s score.