financetom
Economy
financetom
/
Economy
/
US Fed's Bowman unveils relaxed bank capital rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Fed's Bowman unveils relaxed bank capital rules
Mar 12, 2026 8:22 AM

WASHINGTON, March 12 (Reuters) - Large bank capital requirements will fall slightly under revised drafts of sweeping bank capital rules, Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday, in a major victory for Wall Street lenders that beat back capital hikes under earlier drafts.

Speaking at the Cato Institute in Washington, Bowman outlined the changes to the so-called Basel rules and "GSIB surcharge" which determine how much money banks must set aside to absorb potential losses, saying they would in aggregate lower large bank capital requirements by a "small amount" via a "sensible recalibration" of existing rules.

Bowman, who was appointed to the role last year by Republican President Donald Trump, said the changes would eliminate overlapping standards and calibrate requirements to match actual bank risks, arguing a steady increase in how much banks must set aside against potential losses has been misguided.

"When capital requirements become excessive, they impair the banking system's fundamental function of providing credit to the real economy," she said according to prepared remarks.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Curbing release of Fed meeting transcripts may improve debate, Warsh says in book
Curbing release of Fed meeting transcripts may improve debate, Warsh says in book
May 6, 2026
WASHINGTON, May 6 (Reuters) - The release of transcripts of Federal Reserve rate-setting meetings, a cornerstone of its transparency for more than 30 years, undermines the debate needed to set good monetary policy, incoming U.S. central bank chief Kevin Warsh says in an upcoming book, remarks that echo his wider desire to overhaul the Fed. Warsh, in a 2023 interview...
Full Transcript: LATAM Airlines Group Q1 2026 Earnings Call
Full Transcript: LATAM Airlines Group Q1 2026 Earnings Call
May 6, 2026
On Wednesday, LATAM Airlines Group ( LTM ) discussed first-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call transcripts and financial data. Visit https://www.benzinga.com/apis/ to learn more. View the webcast at https://events.q4inc.com/attendee/109380084 Summary LATAM Airlines Group ( LTM ) reported record financial results for Q1 2026, with revenue...
US private payrolls growth accelerates in April, ADP says
US private payrolls growth accelerates in April, ADP says
May 6, 2026
WASHINGTON, May 6 (Reuters) - U.S. private payrolls increased more than expected in April, the ADP's national employment report showed on Wednesday. Private employment rose by 109,000 jobs last month after a downwardly revised 61,000 gain in March. Economists polled by Reuters had forecast private employment advancing by 99,000 jobs after a previously reported 62,000 increase in March. The ADP...
US Dollar Falls Early Wednesday Ahead of ADP Private Payrolls, Treasury Refunding
US Dollar Falls Early Wednesday Ahead of ADP Private Payrolls, Treasury Refunding
May 6, 2026
07:34 AM EDT, 05/06/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Wednesday ahead of the release of ADP private payrolls data for April at 8:15 am ET and the Treasury's quarterly refunding statement at 8:30 am ET. State-level unemployment data for March are due to be released at 10:00 am ET, followed by weekly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved