The Journal said that the precise amount of capital requirements will depend on the bank’s business, with US megabanks with big trading businesses expected to face the largest increases.
Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter.
Last month, the Federal Reserve’s top regulatory official told Congress that the central bank would likely unveil its plan to ratchet up capital rules for banks this summer and ensure supervisors more aggressively police lenders following the Fed Vice Chair for Supervision Michael Barr said the central bank was “carefully considering” rule changes for larger regional banks.
Last month, the Federal Reserve’s top regulatory official told Congress that the central bank would likely unveil its plan to ratchet up capital rules for banks this summer.REUTERS The WSJ said that the precise amount of capital requirements will depend on the bank’s business, with US megabanks with big trading businesses expected to face the largest increases.
Banks such as Morgan Stanley and credit card giant American Express that are heavily dependent on fee income, such as from investment banking or wealth management, could also face large capital increases, the WSJ said.Share this article:
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