Fed Vice Chair Bowman Proposes Lower Bank Capital Rules
Fed Vice Chair Michelle Bowman unveiled revised rules Thursday to slightly lower large bank capital requirements. The plan aims to align rules with bank risks.
Xurve View
Xurve View
The United States Federal Reserve Vice Chair for Supervision, Michelle Bowman, announced on Thursday that capital requirements for large banks are set to decrease slightly under newly revised drafts of banking regulations. Speaking at the Cato Institute in Washington, Bowman described the changes to the Basel rules and the Global Systemically Important Bank (GSIB) surcharge as a sensible recalibration of existing standards.
