U.S. Banks Push Final Changes on Capital Rule Overhaul as Federal Reserve Closes Consultation
Large U.S. banks are making final requests in their comments to the Federal Reserve regarding proposed changes to capital rules, aiming for reductions in required reserves and adjustments to trading activity requirements. The Fed's revised proposal is expected to reduce big banks' loss-absorbing capital by around 4.8%, a significant shift from an earlier plan that would have increased it by 20%.