WASHINGTON — Thomas Hoenig, already well known for demanding that Wall Street banks should get back to basics, is proposing the same mantra for their examiners.

Just as Hoenig advocates for more tangible measures of banks' capital and liquidity, the Federal Deposit Insurance Corp.'s vice chairman has stepped up calls for examiners to do a better job verifying a big bank's safety and soundness through a more "systematic review" of its nuts and bolts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.