Reported about 1 year ago
The U.S. Federal Reserve is contemplating a rule adjustment that could save the country's eight largest banks combined billions of dollars in capital. The proposed change involves updating the inputs used to calculate the 'GSIB surcharge' imposed on U.S. global systemically important banks, aiming to more accurately reflect the banks' size relative to the global economy. The potential capital savings for banks like JPMorgan and Bank of America could be significant, with even a small adjustment resulting in billions of dollars saved, which banks could then reinvest through lending.
Source: YAHOO