8 Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, “Temporary supplementary leverage ratio changes to expire as scheduled,” news release, March 19, 2021, https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210319b.htm; Board of Governors of the Federal Reserve System, “Federal Reserve Board announces that the temporary change to its supplementary leverage ratio (SLR) for bank holding companies will expire as scheduled on March 31,” news release, March 19, 2021, https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210319a.htm; Board of Governors of the Federal Reserve System, “Federal Reserve announces temporary and additional restrictions on bank holding company dividends and share repurchases currently in place will end for most firms after June 30, based on results from upcoming stress test,” news release, March 25, 2021, https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210325a.htm.
This is noteworthy because it does provide us with a fresh perspective on the long-held view that the risk of financial instability increases when access to financial services is expanded. Since 2011, 700 million adults have gained more access to an account at a financial institution or through a mobile device, according to the 2014 Global Findex report.