Fed tightens oversight of regional banks, calls for stronger liquidity programs

Odaily Planet Daily News U.S. regulators are quietly asking regional lenders to bolster their liquidity programs as part of an effort to tighten oversight following the collapse of three banks earlier this year. The Fed has issued a series of private warnings to lenders with assets between $100 billion and $250 billion, including Citizens Financial Group, Fifth Third Bancorp and M&T Bank, according to people familiar with the matter, the notices involved capital and capital from lenders. Everything from liquidity to technology and compliance. Earlier this year, Barr, the Fed's vice chairman for supervision, vowed to "increase the speed, intensity and flexibility of oversight." The move is part of a broader scrutiny of banks of all sizes since then. The head of the financial services team at law firm Kilpatrick Townsend & Stockton said: "Regulators will impose strict deadlines to resolve issues. If banks cannot resolve these issues quickly, they will take enforcement action." (Golden Ten)