Basel Capital Proposal
The Bottom Line
The Federal Reserve, FDIC, and OCC have proposed new rules that change how much cash large banks must keep in reserve to protect against financial losses. This plan replaces a stricter proposal from the previous administration and aims to make it easier for banks to lend money to businesses and families. The agencies are now seeking public comment on the framework, which marks a significant shift toward financial deregulation under the Trump administration.
Key Statements
“The last Administration aimed to hijack the Basel modernization effort to reverse-engineer ever-higher capital requirements without rhyme or reason.”
This post confirms the administration's intent to reverse previous banking regulations in favor of lower capital requirements.
“Federal Reserve, FDIC, and OCC request comment on proposals to modernize the regulatory capital framework.”
This is the official announcement from the regulators initiating the formal process for the new banking rules.
Political Response
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