U.S. Federal Reserve and regulators propose revised bank capital rules on Sept 19, easing operational and market-risk regulations.
The U.S. Federal Reserve and regulators will propose significant revisions to bank capital rules on September 19, addressing concerns from banks about previous requirements. The up to 450-page revisions aim to reduce capital allocations for operational risks in areas like wealth management and credit cards, and ease market-risk regulations for major banks. This comes after pushback against the original "Basel III Endgame," which sought higher capital reserves.
September 07, 2024
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