U.S. Treasury's Lew says no simple metric for tougher bank regulations

Mar 03, 2015 06:18 PM EST

U.S. financial institutions will not automatically face added regulatory requirements for having more than $50 billion in assets, Treasury Secretary Jack Lew said on Tuesday.

Asked in a Senate hearing whether banks necessarily will be considered systemically important when crossing the $50 billion threshold, Lew said there was no such "hard line."