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Federal Reserve Plans to Significantly Relax Capital Requirements for Large Banks
Summary: According to sources, the Federal Reserve has submitted a revised outline to other US regulatory agencies, which will significantly relax the capital requirements proposed for Wall Street's large banks during the Biden administration. Officials estimate that under the new plan, the overall capital increase for most large banks will be between approximately 3% to 7%. ...
According to sources, the Federal Reserve has submitted a revised outline to other US regulatory agencies, which will significantly relax the capital requirements proposed for Wall Street's large banks during the Biden administration. Officials estimate that under the new plan, the overall capital increase for most large banks will be between approximately 3% to 7%. While the outline does not provide specific forecast data, this estimated range is significantly lower than the 19% increase proposed in the original 2023 plan, and lower than the 9% increase proposed in last year's compromise plan. Some sources suggest that banks with larger trading investment portfolios may face smaller capital increases, or even potential decreases.
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