Bank Policy Institute
The Bank Policy Institute (BPI) is a nonpartisan research and advocacy group representing the nation’s leading banks. www.bpi.com
Latest
Discount Window Stigma: We Have Met the Enemy, and He Is Us
Discount Window Stigma: We Have Met the Enemy, and He Is Us
Paraphrasing former Fed Governor and former bank CEO Betsy Duke when she was asked to explain why banks are reluctant to use the discount…
CECL and Capital Relief: A Choice Between Doing the Right Thing for the Right Reason or the Wrong…
CECL and Capital Relief: A Choice Between Doing the Right Thing for the Right Reason or the Wrong…
When the pandemic hit in March 2020, everyone witnessed the procyclicality of the new current expected credit loss (CECL) accounting…
On Dividend Bans, Banks’ Cost of Equity, and Lending
On Dividend Bans, Banks’ Cost of Equity, and Lending
Last week, the European Central Bank (ECB) published a note analyzing how temporary capital distribution restrictions announced in March…
Take-up at the Federal Reserve’s ON RRP Facility: Much Larger and More Persistent than Planned…
Take-up at the Federal Reserve’s ON RRP Facility: Much Larger and More Persistent than Planned…
The Federal Reserve introduced the overnight reverse repurchase agreement facility (ON RRP) in 2014 to improve its control of the federal…
