Reported about 18 hours ago
US regulators are set to consider a significant rollback of bank capital rules, potentially lowering the enhanced supplementary leverage ratio (eSLR) requirement by 1.5 percentage points for major banks like JPMorgan Chase and Bank of America. This change aims to facilitate greater lending and bolster the market for US Treasurys amid rising foreign demand concerns. The Federal Reserve's vice chair for supervision, Michelle Bowman, emphasized the need for reform in capital requirements, indicating broader deregulatory changes are on the horizon.
Source: YAHOO