钛媒体App 11月20日消息，美联储理事斯蒂芬·米兰表示，他希望美联储在讨论与央行资产负债表相关 的其他经济问题之前，先重新调整对华尔街的一系列监管规定。"多年来，金融监管基本上朝着一个方 向，不断加强对银行业的限制，"米兰周三为Bank Policy Institute准备的发言中表示。他补充说，监管与 金融市场、经济以及货币政策实施之间的相互作用常常被低估。"虽然围绕银行准备金余额及其利息、 资产负债表构成以及国债市场中介的讨论层出不穷，但我认为这些讨论大多是银行监管框架的下游问 题，"他说。米兰强调监管机构应该避免反应过度，称2008年危机后出台的规则走得太远。他指出，这 导致许多传统银行业务脱离监管领域，部分原因在于"繁琐的规则"。"虽然我对非银行金融公司没有偏 见，但信贷分配应由市场力量驱动，而不是监管套利，"他说。（广角观察） ...

Um, I have to ask you because Congress passed a bill uh to release the full Epstein files. There have been executives across industries including finance that have been named in some of the correspondents that come out. Um, Goldman has been uh caught up in this just in terms of the the GC, the general counsel and her correspondence with Epstein.Are you concerned about at all about additional fallout here. our our general counsel ran for a long time the white collar litigation practice at leans. She's an exc ...

米兰强调，监管机构应避免过度反应，并指出在2008年危机后规则制定得过度严格。他补充说，这导致 许多传统银行业务部分迁移到监管较少的领域，部分原因就是"繁琐的规定"。 尽管围绕银行准备金余额及其利息、资产负债表构成、以及国债市场中介等议题的讨论愈加 热烈，但我认为这些讨论在很大程度上都是银行监管框架的下游问题。 特朗普政府时期的一些官员曾考虑放松多项在2008年金融危机后制定的银行资本监管措施，包括所谓 的"强化版补充杠杆率"（enhanced supplementary leverage ratio）。美联储近期也刚刚敲定了对大型银行 监管评级框架的修改，放宽了对部分贷款机构的要求。 美联储理事斯蒂芬·米兰（Stephen Miran）表示，他希望美联储在讨论与央行资产负债表相关的其他经 济问题之前，先重新调整华尔街的一系列监管规定。 米兰周三在华盛顿的行业组织——银行政策研究所（Bank Policy Institute）发表的预先准备讲话中表 示： 多年来，金融监管基本上只朝一个方向发展，不断加强对银行业的限制。监管与金融市场、 经济以及货币政策执行之间的互动往往不被充分重视。 他表示："虽然我并不偏见 ...

Core Viewpoint - The article discusses the collapse of Credit Suisse, highlighting systemic issues within the banking industry, including greed, corruption, and inadequate risk management, which ultimately led to its downfall [9][11][24]. Group 1: Financial Scandals and Risks - In October 2025, Zion Bank and Western Alliance Bank disclosed fraud cases involving over $160 million due to credit risk management failures, resulting in significant stock price drops and a loss of over $100 billion in market value for 74 major U.S. banks [10]. - The article emphasizes that individual corruption and fraud reflect systemic failures, as seen in the case of Credit Suisse, which was once considered "too big to fail" [11][12]. - Credit Suisse's internal culture of greed and corruption, including money laundering for dictators and fraudulent activities against clients, contributed to its eventual collapse [12][24]. Group 2: Historical Context and Evolution - Switzerland's banking secrecy laws, established in the 1930s, initially protected the banking industry but later facilitated unethical practices, leading to a culture of impunity [15][16]. - The bank's expansion strategy in the late 20th century, including the merger with First Boston, created internal conflicts and risk management issues that foreshadowed future crises [17][18]. - The aggressive risk-taking culture under various leaderships, particularly during the 1990s, led to significant losses and regulatory scrutiny, culminating in a series of crises [19][20]. Group 3: The Final Crisis and Collapse - The "Twitter incident" in October 2022 triggered a digital bank run, resulting in a rapid outflow of funds and a significant drop in stock prices, marking a new era of banking vulnerability [21][22]. - Credit Suisse's management was unprepared for the crisis, leading to ineffective responses and a loss of market confidence, ultimately resulting in a government-backed acquisition by UBS [23][24]. - The article concludes that the collapse of Credit Suisse was not sudden but rather the result of decades of mismanagement, scandals, and a failure to establish a sustainable business model [24][30].

美联储理事Michael Barr警告称，削弱该机构的监管可能会导致银行体系中积累"真正的危险"，随着时 间的推移，可能会埋下危机的种子。监管依赖于可信的评级框架、前瞻性的监管和强大的员工队伍。他 还补充说，削减审查员覆盖范围、削弱评级制度以及重新定义银行"不安全且不稳健"操作这一长期标 准，将使审查人员更难在为时已晚之前采取行动。 ...

1. 11月18日(周二)美股盘前，美股三大股指 期货齐跌。截至发稿，道指期货跌0.63%，标普期货跌 0.54%，纳指期货跌0.67%。 2. 截至发稿，欧洲股市主要指数齐跌超1%。欧洲斯托克50指数跌1.49%， 英国富时100指数跌1.39%，法国CAC40指数跌1.45%，德国DAX30指数跌1.5%。 3. 截至发稿，WTI原 油跌0.07%，报59.82美元/桶。布伦特原油跌0.12%，报64.12美元/桶。 市场消息 1、Cloudflare(NET.N) 全球网络服务遭遇问题。 2、美国政府公布截至10月18日当周首次申请失业金人数为23.2万人，部分前 期数据被上修。 3、现货 黄金跌破4000美元/盎司关口，为11月10日以来首次，日内跌超1%。 4、波音 表示中东地区飞机机队将在2044年前翻倍以上，全球客运量份额将超10%。 5、空客获得迪拜航空150 架A321neo订单，结束其自成立以来的全波音机队架构。 6、美联储内部备忘录显示将放松对 银行监 管，限制审查员权力，呼应特朗普"松绑"愿景。 7、"债券之王"冈拉克警告私募信贷市场风险或引发新 一轮金融危机。 个股消息 1、拼多多( ...

此次会谈是Kelleher向瑞士政府施压的持续努力之一。瑞士政府提议的新资本要求将迫使瑞银额外持有 260亿美元资本，瑞银称这一要求"极端"且不成比例。此前瑞银管理层的公开和私下游说活动迄今收效 甚微。 资本新规引发博弈 瑞士政府坚持实施更严格的资本要求，以避免再次出现类似瑞信的崩溃。2023年，瑞银在政府主导的救 助行动中收购了这家竞争对手。 瑞银集团董事长Colm Kelleher与美国财长贝森特近期私下讨论了将这家瑞士银行业巨头总部迁往美国的 可能性。 11.17日，据媒体援引三位知情人士透露，Kelleher与贝森特在近几个月就瑞银迁址美国的具体方案进行 了会谈，特朗普政府对接纳这一瑞士最重要资产之一持开放态度。 这家欧洲最大专业激进投资机构补充称，如果提案不被削弱，瑞银将"别无其他现实选择"，只能离开 瑞士。 跨大西洋监管分化 瑞士收紧资本规则之际，美国正在经济多个领域推行放松监管以促进增长。 特朗普政府已表明放松银行监管的意图，贝森特以私人信贷增长为例，称银行业受到"过度约束"，并 主张最小化资本和流动性规则以释放更多贷款空间。 美国监管机构此前对大型银行迁址美国持谨慎态度，因金融危机期间纳税人资 ...

Core Points - The Federal Reserve plans to reduce its banking supervision department staff by 30% by the end of 2026, resulting in approximately 350 employees remaining, down from the previously approved 500 [1] - This layoff plan was announced by Michelle Bowman, the newly appointed Vice Chair for Supervision, during an internal meeting on October 30 [1] - The reduction aims to streamline operations through natural attrition, retirements, and voluntary departure incentives, with specific details to be released in the coming weeks [1] Group 1 - The banking supervision department is responsible for overseeing thousands of bank holding companies and state-chartered member banks, which is a core component of the Federal Reserve's financial stability function [1] - The layoff plan aligns with the overall direction set by Federal Reserve Chair Jerome Powell to reduce the agency's workforce by 10% by May 2025, but the cuts in the supervision area are significantly higher [1] Group 2 - Michelle Bowman, appointed by former President Trump in early 2025, is pushing for structural reforms, including streamlining management levels and renaming the operations department to "Business Enablement Group" [2] - The department has recently experienced high-level personnel changes, including the retirement of long-time supervisor Michael Gibson and the departure of his two deputies [2] - The timing of the layoff plan coincides with intensified criticism from senior officials in the Trump administration regarding the Federal Reserve's perceived overreach and bloated structure [2]

Core Points - The FDIC has proposed changes to bank supervision in the US, focusing on core financial risks and limiting authority over nonfinancial issues [1][2] - The first proposal narrows the definition of "safety and soundness" to material financial risks, allowing regulators to act only on issues that could cause substantial financial harm or increase failure risk [2][3] - The second proposal formalizes the elimination of "reputation risk," a standard previously used to address negative publicity that could harm banks [2][3] - The FDIC acting chairman criticized the reputation risk standard as "ripe for abuse" and stated it adds no value to supervision [3] - The proposals also aim to prevent examiners from pressuring banks to deny services based on political, social, cultural, or religious viewpoints, addressing concerns over "debanking" practices [3][4] - An executive order signed by Trump earlier this year reinforces fair access to banking services, prohibiting discrimination based on political or religious beliefs [4]

施密德进一步解释了美联储区域架构的优势。地区储备银行与本地经济的紧密联系，使政策制定能更精准反映不同区域的 经济状况，这种"贴近地面"的视角在货币政策和监管实践中均发挥着关键作用。他相信，这种结构有助于在维护金融稳定 的同时，保持对经济变化的敏锐感知。 在美联储内部对降息节奏存在分歧的背景下，施密德的立场体现了务实与谨慎的平衡。他既认可适度降息对劳动力市场的 支持作用，又坚持通过持续数据跟踪来校准政策力度。这种态度贯穿于他对经济风险评估的始终，也映射出美联储在复杂 经济环境中的决策逻辑——既非一味宽松，亦非过度收紧，而是通过动态调整寻求最优路径。 施密德特别强调了数据在决策中的核心地位。他指出，未来任何利率调整都将紧密围绕通胀和就业市场的实时数据展开， 而非预设路径。这种基于数据的策略使他更倾向于"少降息"立场，尤其在观察到近期经济数据中隐现的通胀持续风险或突 然放缓迹象时。他认为，政策制定者需持续评估双重使命——稳定物价与促进就业——之间的风险平衡，避免单一目标主 导决策。 在银行监管领域，施密德着重强调了美联储独立性的价值。他指出，独立于政治影响的监管机构能更专注长期金融稳定， 在市场波动中保持灵活应对能 ...