Fed may ease capital rules for big banks
India, March 20 -- Wall Street lending giants would get relaxed capital requirements under proposals unveiled by the Federal Reserve on Thursday, in a move that could potentially unleash billions of dollars for lending, share buybacks and dividends. "These changes would strengthen our overall capital framework, which would remain robust under the new regime," Fed Vice Chair for Supervision Michelle Bowman said. The Fed's Board of Governors will vote to formally propose the plan Thursday. The FDIC board is holding a concurrent meeting. Officials are pitching the landmark package as part of a harmonization of capital. If finalised, these plans - along with moves to ease the enhanced supplementary leverage ratio and overhaul stress tests - would amount to some of the biggest bank-capital rule changes since those enacted following the 2008 global financial crisis. P14...
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