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Capital standards must be simplified and strengthened to contain the impulse for excessive leverage and to provide a more effective backstop to absorb unexpected losses. Using a straightforward ratio of tangible equity capital to total assets is a more conservative, more credible method of assessing capital adequacy because it counts as the only capital only that can truly absorb losses.
Speeches
| January 20, 2016 |
The Relative Role of Debt in Bank Resiliency and Resolvability
Remarks by FDIC Vice Chairman Thomas M. Hoenig, presented to the Peterson Institute for International Economics |
| November 5, 2015 |
"Post-Crisis Risks and Bank Equity Capital"
Remarks by FDIC Vice Chairman Thomas M. Hoenig, presented to the 18th Annual International Banking Conference at the Federal Reserve Bank of Chicago |
| September 16, 2015 |
The Leverage Ratio and Derivatives
Presented to the Exchequer Club of Washington, DC. |
| April 15, 2015 |
A Conversation about Regulatory Relief and the Community Bank
Presented to the 24th Annual Hyman P. Minsky Conference; National Press Club, Washington, DC |
| March 2, 2015 |
Financial Supervision: Basic Principles
Presented to the Institute of International Bankers Annual Washington Conference; Washington, DC |
| June 2, 2014 |
Commercial Banking: One Industry?
Delivered at the North Carolina Bankers Association Convention Palm Beach, Florida |
| May 7, 2014 |
Can We End Financial Bailouts?
Presented to the Boston Economic Club Boston, Massachusetts |
| February 24, 2014 |
Presentation to the National Association for Business Economics
30th Annual Economic Policy Conference; Arlington, Virginia |
| September 2013 |
Lehman Brothers: Looking Five Years Back and Ten Years Ahead
Presented to the National Association of Corporate Directors, Texas TriCities Chapter Conference, Houston, Texas |
| April 9, 2013 |
Basel III Capital: A Well-Intended Illusion
Remarks to IADI Research Conference. Basel, Switzerland |
| November 30, 2012 |
Financial Oversight: It's Time to Improve Outcomes
Presented to the AICPA/SIFMA FSA National Conference; New York, NY |
| September 14, 2012 |
Back to Basics: A Better Alternative to Basel Capital Rules
Delivered to The American Banker Regulatory Symposium; Washington, D.C. |
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Archived speeches delivered as President of the Federal Reserve Bank of Kansas City |
Statements, Letters, Op-eds, and Other Material
| April 22, 2016 |
"Basel Plans Would Weaken Leverage Ratio" - Risk Magazine op-ed by FDIC Vice Chairman Hoenig, April 22, 2016 |
| April 7, 2016 |
Global Capital Index - PDF (PDF Help)
Calculation explanation
Archived Versions:
4th Quarter 2014 (December 31, 2014)
2nd Quarter 2014 (June 30, 2014)
4th Quarter 2013 (December 31, 2014)
2nd Quarter 2013 (June 30, 2013)
4th Quarter 2012 (December 31, 2012)
2nd Quarter 2012 (June 30, 2012) |
| August 20, 2015 |
Financial Times Op-ed by Thomas M. Hoenig on the leverage ratio and derivatives. August 12, 2015 |
| June 17, 2015 |
Letter to the Editor, Wall Street Journal - Published June 15, 2015 |
| May 20, 2015 |
Statement of FDIC Vice Chairman Hoenig on Capital |
| April 2, 2015 |
Statement on the Release of Fourth Quarter 2014 Global Capital Index |
| March 23, 2015 |
Lending Through the Cycle (PDF) - Data on strong capital levels supporting lending |
| April 8, 2014 |
Statement by Thomas M. Hoenig, Vice Chairman, Board of Directors, Federal Deposit Insurance Corporation on the Adoption of the Supplementary Leverage Ratio
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| November 26, 2013 |
Statement by FDIC Vice Chairman Hoenig on the Proposed Supplemental Leverage Ratio
"The supplemental leverage ratio should be adopted as proposed. The leverage ratio represents a minimum acceptable level of capital against total tangible assets and is the appropriate measure to judge the capital soundness of an institution. The discussion of unconventional monetary policy on excess reserves and its effect on the composition and risks affecting the balance sheet is a separate discussion." |
| August 19, 2013 |
Safe banks need not mean slow economic growth - PDF (PDF Help); Financial Times |
| July 23, 2013 |
Statement on the use of international accounting standards when computing the leverage ratio for systemically important financial institutions |
| July 9, 2013 |
Statement on Basel III Capital Interim Final Rule and Notice of Proposed Rulemaking |
| December 13, 2012 |
Get Basel III Right and Avoid Basel IV, Financial Times |
| June 12, 2012 |
Statement on Basel Capital Notices of Proposed Rulemaking |
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