The US Federal Deposit Insurance Corporation Vice Chairman Thomas Hoenig issued the semi-annual update of the Global Capital Index, an index showing the capital ratios for global systemically important banks. Upon release of the update, Vice Chairman Hoenig noted that the loss-absorbing tangible capital levels of the largest US banks are increasing relative to their foreign counterparts. Vice Chairman Hoenig emphasized however that, although the update indicated the overall health of US banks, compared to foreign banks, progress must still continue to a point where banks maintain sufficient levels of tangible capital to effectively move the cost of downside risk from the public to the firms.
View the updated Global Capital Index.
