president joe biden on thursday called on regulators to implement new rules for large regional banks building on a pledge that he made earlier this month just after the collapse of silicon valley bank and new york’s signature bank his proposed rules include the reinstatement of liquidity requirements and enhanced liquidity stress testing for banks with 100 billion and 250 billion in assets that would undo a 2018 rollback of doddfrank rules for small and midsize banks another proposal from biden is strengthening supervisory tools including stress testing to “make sure banks can withstand high interest rates and other stresses” the white house said in a statement biden also wants to see “living wills” required for large regional banks annual supervisory capital stress tests and an expansion of longterm debt requirements to a broader range of banks thursday’s announcement is focused on items that can be accomplished under existing law not congressional action a white house official told reporters the changes would come from independent regulatory agencies and they’re going to take the steps that they believe are advisable but the biden administration has had conversations with the agencies the official also said in addition the official said the banking system has “stabilized greatly”